Mount Prospect Academy Inc

Analysis

Mount Prospect Academy Inc is a registered charity in United States, based in Plymouth, NH. It received its IRS tax-exemption ruling in June 2004, 22 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, Mount Prospect Academy Inc reported income of $54.6m and spending of $44.0m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.6m to $54.6m (+166%), an average of +28% a year. The sharpest change came in the year to June 2020, when income rose by 64%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mount Prospect Academy Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NH. Charities of a similar size with the same main cause include Mastery Charter High School ($54.5m), Averett University ($54.7m) and Bullis School Inc ($54.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $985k (2.2% of expenses). Other salaries and wages came to $25.7m. At year end it held assets of $42.2m against liabilities of $10.5m, net assets of $31.7m. It reported 764 employees.