Prodigy Preparatory

Analysis

Prodigy Preparatory is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in February 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Prodigy Preparatory reported income of $333k and spending of $313k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $75k to $333k (+346%), an average of +346% a year. The sharpest change came in the year to December 2023, when income rose by 346%. Over the whole period it spent 111% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Prodigy Preparatory sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within PA. Charities of a similar size with the same main cause include Whole Human Project ($333k), Hanahan Athletic Booster Club ($333k) and Excellent Teen Choice Inc ($333k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.0% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $70k (22% of expenses). Other salaries and wages came to $139k. At year end it held assets of $0 against liabilities of $0, net assets of $0.