Charlotte Preparatory School Inc

Analysis

Charlotte Preparatory School Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in March 2012, 14 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, Charlotte Preparatory School Inc reported income of $9.6m and spending of $8.7m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.4m to $9.6m (+29%), an average of +6.6% a year. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Charlotte Preparatory School Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Texas A&m University-Kingsville Foundation Inc ($9.6m), Trinity Christian Academy Incorporated ($9.6m) and Juniper Tree Academy ($9.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $212k (2.4% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $21.0m against liabilities of $10.6m, net assets of $10.4m. It reported 146 employees.