Gompers Preparatory Academy

Analysis

Gompers Preparatory Academy is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in January 2011, 15 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, Gompers Preparatory Academy reported income of $20.5m and spending of $18.7m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.0m to $20.5m (+28%), an average of +6.3% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gompers Preparatory Academy sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Legacy21 Inc ($20.4m), University Prep Public Charter Schools ($20.5m) and Wave Services Inc ($20.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $442k (2.4% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $18.7m against liabilities of $6.8m, net assets of $11.9m. It reported 146 employees.