Capital Preparatory Schools Incorporated

Analysis

Capital Preparatory Schools Incorporated is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in May 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Capital Preparatory Schools Incorporated reported income of $6.2m and spending of $6.0m, spending 97% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $3.2m to $6.2m (+90%), an average of +24% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Capital Preparatory Schools Incorporated sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within CT. Charities of a similar size with the same main cause include Minnesota Academy of Family Physicians Foundation ($6.2m), Insight School of California ($6.2m) and California State University Bakersfield Foundation ($6.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $1.5m (25% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $7.4m against liabilities of $2.0m, net assets of $5.4m. It reported 33 employees.