Sussex Preparatory Academy Foundation

Analysis

Sussex Preparatory Academy Foundation is a registered charity in United States, based in Lewes, DE. It received its IRS tax-exemption ruling in June 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 December 2023, Sussex Preparatory Academy Foundation reported income of $1.1m and spending of $2.2m, spending 207% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $999k to $1.1m (+6.0%), an average of +1.5% a year. The sharpest change came in the year to December 2022, when income rose by 289%. Over the whole period it spent 115% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sussex Preparatory Academy Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within DE. Charities of a similar size with the same main cause include Zions Hill Preschool Program ($1.1m), Northern Oklahoma College Foundation Inc ($1.1m) and School District of Kansas City Missouri Building Corporation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% of the total. It paid $2,322 in professional fundraising fees. At year end it held assets of $26.4m against liabilities of $12.4m, net assets of $14.0m.