Pha Preparatory School Inc

Analysis

Pha Preparatory School Inc is a registered charity in United States, based in Kissimmee, FL. It received its IRS tax-exemption ruling in June 2013, 13 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 December 2023, Pha Preparatory School Inc reported income of $532k and spending of $593k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $362k to $532k (+47%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pha Preparatory School Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Mont Vernon Library Charitable Foundation ($531k), College Choice Foundation a Nonprofit Organization ($532k) and Choice-Filled Lives Network Inc ($531k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $47k (8.0% of expenses). Other salaries and wages came to $206k. At year end it held assets of $235k against liabilities of $159k, net assets of $75k. It reported 14 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.