Success Preparatory Academy

Analysis

Success Preparatory Academy is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in May 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, Success Preparatory Academy reported income of $8.8m and spending of $8.2m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.1m to $8.8m (+43%), an average of +9.4% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Success Preparatory Academy sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within LA. Charities of a similar size with the same main cause include Chef Ann Foundation ($8.8m), Oklahoma Public School Resource Center Inc ($8.8m) and Hawaii 3rs ($8.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $235k (2.9% of expenses). At year end it held assets of $3.2m against liabilities of $435k, net assets of $2.7m. It reported 46 employees.