The Prentice School

Analysis

The Prentice School is a registered charity in United States, based in Santa Ana, CA. It received its IRS tax-exemption ruling in January 1986, 40 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, The Prentice School reported income of $6.9m and spending of $5.2m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $6.9m (+70%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Prentice School 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 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Kirkwood Community College Foundation ($6.9m), Valley Achievement Center ($6.9m) and Harborlight Montessori School Inc ($6.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $203k (3.9% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $11.5m against liabilities of $1.3m, net assets of $10.2m. It reported 60 employees.