Preparatory Academy Inc

Analysis

Preparatory Academy Inc is a registered charity in United States, based in Lutz, FL. It received its IRS tax-exemption ruling in March 2015, 11 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 2024, Preparatory Academy Inc reported income of $81k and spending of $81k, spending 100% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $52k to $81k (+56%), an average of +56% a year. The sharpest change came in the year to June 2024, when income rose by 56%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Preparatory Academy Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 35th percentile within FL. Charities of a similar size with the same main cause include Grammar Mechanics Foundation ($81k), Parent Teacher Comm Council of the Japanese Bilingual Bicultural Prog ($81k) and Fresh Start Child Care Academy Inc ($81k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. At year end it held assets of $13k against liabilities of $29k, net assets of -$15k.