South Tech Preparatory Academy Inc

Analysis

South Tech Preparatory Academy Inc is a registered charity in United States, based in Boynton Beach, FL. It received its IRS tax-exemption ruling in July 2014, 12 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, South Tech Preparatory Academy Inc reported income of $7.0m and spending of $5.7m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.6m to $7.0m (+53%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 25%. 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, South Tech Preparatory Academy Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Southfield School ($7.0m), Albany Leadership Charter High School for Girls ($7.0m) and Island Village Montessori School Inc ($7.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $132k (2.3% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $10.4m against liabilities of $7.3m, net assets of $3.0m. It reported 72 employees.