Lafayette Preparatory Academy Inc

Analysis

Lafayette Preparatory Academy Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Lafayette Preparatory Academy Inc reported income of $6.0m and spending of $4.9m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.6m to $6.0m (+69%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 23%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lafayette Preparatory Academy Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within MO. Charities of a similar size with the same main cause include Emma S Clark Memorial Library Association ($6.0m), Downtown Miami Charter School Inc ($6.0m) and 826 Valencia ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $169k (3.5% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $5.4m against liabilities of $1.6m, net assets of $3.9m. It reported 69 employees.