MC Preparatory School of Wisconsin Inc

Analysis

MC Preparatory School of Wisconsin Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in August 1997, 29 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, MC Preparatory School of Wisconsin Inc reported income of $31.3m and spending of $31.6m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $25.1m to $31.3m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, MC Preparatory School of Wisconsin Inc 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 98th percentile within WI. Charities of a similar size with the same main cause include University Preparatory Academy ($31.3m), Avila University ($31.4m) and Northern Arizona University FDN Inc ($31.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $185k (0.6% of expenses). Other salaries and wages came to $18.6m. At year end it held assets of $30.7m against liabilities of $2.9m, net assets of $27.9m. It reported 429 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.