Wonderful College Prep Academy

Analysis

Wonderful College Prep Academy is a registered charity in United States, based in Delano, CA. It received its IRS tax-exemption ruling in April 2009, 17 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 June 2023, Wonderful College Prep Academy reported income of $56.2m and spending of $55.9m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $27.6m to $56.2m (+103%), an average of +19% a year. The sharpest change came in the year to June 2020, when income rose by 30%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wonderful College Prep Academy sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Brearley School ($56.1m), Schreiner University ($56.3m) and Gilman School Inc ($56.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $523k (0.9% of expenses). Other salaries and wages came to $25.6m. At year end it held assets of $25.0m against liabilities of $14.7m, net assets of $10.2m. It reported 506 employees.