Bridgeprep Academy Inc

Analysis

Bridgeprep Academy Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in August 2015, 11 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, Bridgeprep Academy Inc reported income of $56.8m and spending of $57.7m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $25.7m to $56.8m (+121%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 38%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bridgeprep Academy Inc 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 FL. Charities of a similar size with the same main cause include Sierra Canyon High School Foundation ($56.7m), Lake Wales Charter Schools ($56.9m) and Catherine Hershey Schools for Early Learning ($56.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $25.3m. At year end it held assets of $118.0m against liabilities of $117.2m, net assets of $738k. It reported 908 employees.