James Madison Preparatory High School Inc

Analysis

James Madison Preparatory High School Inc is a registered charity in United States, based in Madison, FL. It received its IRS tax-exemption ruling in August 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, James Madison Preparatory High School Inc reported income of $1.9m and spending of $1.9m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.9m (+44%), an average of +9.6% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, James Madison Preparatory High School Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Mirabeau Family Learning Center Inc ($1.9m), Portsmouth STEM Academy ($1.9m) and Nasha Shkola ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Other salaries and wages came to $770k. At year end it held assets of $1.3m against liabilities of $1.2m, net assets of $91k. It reported 20 employees.