Memphis College Preparatory School

Analysis

Memphis College Preparatory School is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in September 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Memphis College Preparatory School reported income of $5.0m and spending of $3.8m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $5.0m (+75%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 47%. 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, Memphis College Preparatory School sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within TN. Charities of a similar size with the same main cause include World Dairy Expo Inc ($5.0m), MBX Foundation ($5.0m) and Kavod Charter School ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $189k (4.9% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $5.2m against liabilities of $1.9m, net assets of $3.3m. It reported 57 employees.