Eastside Preparatory School

Analysis

Eastside Preparatory School is a registered charity in United States, based in Kirkland, WA. It received its IRS tax-exemption ruling in December 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, Eastside Preparatory School reported income of $34.0m and spending of $24.4m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.9m to $34.0m (+71%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 39%. 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, Eastside Preparatory School sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within WA. Charities of a similar size with the same main cause include St Andrews School of Delaware Inc ($34.0m), Escuela de Agricultura de LA Region Tropical Humeda ($34.0m) and Lick Wilmerding High School ($33.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $1.3m (5.2% of expenses). Other salaries and wages came to $10.9m. At year end it held assets of $100.9m against liabilities of $38.7m, net assets of $62.2m. It reported 173 employees.