Las Vegas Preparatory

Analysis

Las Vegas Preparatory is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in July 2017, 9 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, Las Vegas Preparatory reported income of $3.3m and spending of $5.3m, spending 158% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $3.3m (+127%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 120% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Las Vegas Preparatory sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NV. Charities of a similar size with the same main cause include Northland Preparatory and Fitness Academy ($3.3m), Montessori School of Durham ($3.3m) and Green Inspiration Academy ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $129k (2.5% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $15.2m against liabilities of $17.6m, net assets of -$2.4m. It reported 42 employees.