Temecula Preparatory School

Analysis

Temecula Preparatory School is a registered charity in United States, based in Winchester, CA. It received its IRS tax-exemption ruling in September 2002, 24 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, Temecula Preparatory School reported income of $15.5m and spending of $12.5m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.0m to $15.5m (+41%), an average of +8.9% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Temecula Preparatory School sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include KC International Academy ($15.5m), Duke Ellington School of the Arts Project ($15.5m) and Yeshiva Orchos Chaim Inc ($15.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $132k (1.1% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $15.4m against liabilities of $762k, net assets of $14.6m. It reported 163 employees.