Peace Preparatory Academy

Analysis

Peace Preparatory Academy is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in May 2014, 12 years ago. 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 July 2023, Peace Preparatory Academy reported income of $3.8m and spending of $3.0m, spending 80% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $878k to $3.8m (+332%), an average of +44% a year. The sharpest change came in the year to July 2020, when income rose by 118%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Peace Preparatory Academy sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within GA. Charities of a similar size with the same main cause include De Anza Cupertino Aquatics ($3.8m), Piedmont Health Services and Sickle Cell Agency ($3.8m) and Federal City Council ($3.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $183k (6.0% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $2.7m against liabilities of $230k, net assets of $2.5m. It reported 38 employees.