College Preparatory & Leadership Academy of High Point

Analysis

College Preparatory & Leadership Academy of High Point is a registered charity in United States, based in Jamestown, NC. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, College Preparatory & Leadership Academy of High Point reported income of $12.2m and spending of $13.0m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.3m to $12.2m (+94%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 97% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, College Preparatory & Leadership Academy of High Point sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Michigan Masonic Charitable Foundation ($12.2m), Voices of Tomorrow ($12.3m) and Network for Teaching Entrepreneurship ($12.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Other salaries and wages came to $5.2m. At year end it held assets of $15.4m against liabilities of $13.4m, net assets of $2.1m. It reported 162 employees.