Providence Preparatory School

Analysis

Providence Preparatory School is a registered charity in United States, based in Belton, TX. It received its IRS tax-exemption ruling in October 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 June 2023, Providence Preparatory School reported income of $2.4m and spending of $2.3m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.4m (+60%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Providence Preparatory School sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Breakthrough Twin Cities ($2.4m), Central School of Practical Nursing Inc ($2.4m) and Akros Middle School ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.5% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $188k (8.2% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.8m against liabilities of $922k, net assets of $922k. It reported 112 employees.