Richard Allen Preparatory Inc

Analysis

Richard Allen Preparatory Inc is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in June 2001, 25 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, Richard Allen Preparatory Inc reported income of $6.6m and spending of $6.3m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.3m to $6.6m (+51%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Richard Allen Preparatory Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include Keres Childrens Learning Center ($6.6m), Emerald Charter Schools ($6.6m) and Texas Education Works ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Other salaries and wages came to $3.4m. At year end it held assets of $5.4m against liabilities of $7.2m, net assets of -$1.8m. It reported 106 employees.