College Prep Elementary

Analysis

College Prep Elementary is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in July 2009, 17 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, College Prep Elementary reported income of $3.1m and spending of $3.7m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.8m to $3.1m (-46%), an average of -14% a year. The sharpest change came in the year to June 2023, when income dropped by 29%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, College Prep Elementary 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 89th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include The Grove School ($3.1m), David X Marks Foundation University Affairs ($3.1m) and Accreditation Council for Business Schools and Programs ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $5.3m against liabilities of $7.5m, net assets of -$2.2m. It reported 47 employees.