Grandview Preparatory School Inc

Analysis

Grandview Preparatory School Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2022, Grandview Preparatory School Inc reported income of $6.5m and spending of $6.1m, spending 94% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $8.8m to $6.5m (-27%), an average of -9.8% a year. The sharpest change came in the year to December 2020, when income dropped by 52%. Over the whole period it spent 71% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Grandview Preparatory School Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include 300 Stewart Avenue Corporation ($6.5m), Chesapeake Bay Maritime Museum Inc ($6.5m) and Figge Art Museum ($6.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Other salaries and wages came to $2.8m. At year end it held assets of $15.7m against liabilities of $6.7m, net assets of $9.0m. It reported 62 employees.