Northwestern Preparatory School

Analysis

Northwestern Preparatory School is a registered charity in United States, based in Goleta, CA. It received its IRS tax-exemption ruling in February 1953, 73 years ago. 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 December 2023, Northwestern Preparatory School reported income of $497k and spending of $606k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $774k to $497k (-36%), an average of -10% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northwestern Preparatory School sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Doylestown Athletic Association ($497k), Beaver Area Memorial Library Association ($497k) and Racine County Historical Society and Museum Inc ($497k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $224k (37% of expenses). Other salaries and wages came to $37k. At year end it held assets of $2.0m against liabilities of $5,339, net assets of $2.0m. It reported 6 employees.