Prichard Preparatory School Inc

Analysis

Prichard Preparatory School Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Prichard Preparatory School Inc reported income of $946k and spending of $1.1m, spending 114% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income fell from $1.2m to $946k (-20%), an average of -7.3% a year. The sharpest change came in the year to May 2021, when income dropped by 21%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Prichard Preparatory School Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within AL. Charities of a similar size with the same main cause include Alexander County Partnership for Children ($946k), Constellation Schools Stockyard Middle ($946k) and Little Cypress Christian Academy ($946k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Other salaries and wages came to $639k. At year end it held assets of $693k against liabilities of $228k, net assets of $465k.