Christian Life Preparatory School

Analysis

Christian Life Preparatory School is a registered charity in United States, based in Fort Worth, TX. 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 December 2023, Christian Life Preparatory School reported income of $2.6m and spending of $2.7m, spending 102% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.7m to $2.6m (+56%), an average of +9.3% a year. The sharpest change came in the year to December 2019, when income rose by 25%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Christian Life Preparatory School sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Knoxville Jewish Alliance Inc ($2.6m), CKS Foundation ($2.7m) and West Virginia University Alumni Association Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $251k (9.3% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $1.0m against liabilities of $1.0m, net assets of $13k. It reported 122 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.