Kingdom Preparatory Academy

Analysis

Kingdom Preparatory Academy is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 2015, 11 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, Kingdom Preparatory Academy reported income of $436k and spending of $327k, leaving 25% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $211k to $436k (+107%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kingdom Preparatory Academy sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within AZ. Charities of a similar size with the same main cause include Neosho Christian Schools ($436k), I Have a Dream Foundation -Milwaukee Inc ($436k) and Indiana Library Federation Incorported ($436k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 7.1% of the total. Compensation of current officers, directors and key employees was $56k (17% of expenses). Other salaries and wages came to $167k. At year end it held assets of $357k against liabilities of $3,000, net assets of $354k. It reported 10 employees.