F L Templeton Preparatory Academy Inc

Analysis

F L Templeton Preparatory Academy Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in September 2011, 15 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, F L Templeton Preparatory Academy Inc reported income of $7.8m and spending of $7.0m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.5m to $7.8m (+40%), an average of +8.8% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, F L Templeton Preparatory Academy Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include Midtown Community School ($7.8m), STEM Next Opportunity Fund ($7.8m) and Orange Coast College Foundation ($7.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $306k (4.4% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $3.7m against liabilities of $729k, net assets of $3.0m. It reported 10 employees.