Lutz Preparatory School Inc

Analysis

Lutz Preparatory School Inc is a registered charity in United States, based in Lutz, FL. It received its IRS tax-exemption ruling in June 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 2024, Lutz Preparatory School Inc reported income of $9.8m and spending of $7.6m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $7.3m to $9.8m (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2021, when income rose by 21%. 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, Lutz Preparatory School Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include New York Center for Child Development ($9.8m), Georgia Charter Educational Foundation Inc ($9.8m) and Marygrove Conservancy ($9.8m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 76% of the total. At year end it held assets of $17.5m against liabilities of $8.1m, net assets of $9.4m. It reported 126 employees.