Leadership Prep School

Analysis

Leadership Prep School is a registered charity in United States, based in Frisco, TX. It received its IRS tax-exemption ruling in May 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Leadership Prep School reported income of $14.0m and spending of $13.5m, spending 96% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $10.9m to $14.0m (+28%), an average of +5.1% 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, Leadership Prep School sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Wildflower Foundation ($14.0m), Idaho Arts Charter School ($14.0m) and LA Scuola D Italia-Guglielmo Marconi ($14.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $195k (1.4% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $29.8m against liabilities of $21.8m, net assets of $8.0m. It reported 243 employees.