Keystone Prep High School

Analysis

Keystone Prep High School is a registered charity in United States, based in Odessa, FL. It received its IRS tax-exemption ruling in December 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 2022, Keystone Prep High School reported income of $1.6m and spending of $1.2m, leaving 25% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income grew from $1.2m to $1.6m (+34%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Keystone Prep High School sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Grace Leadership Preparatory Institute ($1.6m), Accelerated Elementary and Secondary School ($1.6m) and Eel River Charter School ($1.6m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 10% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $75k (6.3% of expenses). Other salaries and wages came to $456k. At year end it held assets of $3.2m against liabilities of $2.5m, net assets of $721k. It reported 21 employees.