Madison Highland Prep

Analysis

Madison Highland Prep is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in September 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 June 2023, Madison Highland Prep reported income of $6.1m and spending of $5.4m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.5m to $6.1m (+37%), an average of +8.2% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Madison Highland Prep sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within AZ. Charities of a similar size with the same main cause include Killington Mountain School Inc ($6.1m), H G a Nonprofit Homes Inc ($6.1m) and Coa Youth & Family Centers Inc ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $83k (1.5% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $4.4m against liabilities of $651k, net assets of $3.7m. It reported 63 employees.