Foundation Preparatory Academy

Analysis

Foundation Preparatory Academy is a registered charity in United States, based in Lake Jackson, TX. It received its IRS tax-exemption ruling in October 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 2024, Foundation Preparatory Academy reported income of $339k and spending of $332k, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $219k to $339k (+55%), an average of +9.1% a year. The sharpest change came in the year to June 2021, when income rose by 48%. 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, Foundation Preparatory Academy sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Safeline Inc ($339k), University Club of Winter Park ($339k) and Cuthbertson Athletic Booster Club ($339k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.5% and program service revenue 84% of the total. Other salaries and wages came to $240k. At year end it held assets of $126k against liabilities of $54k, net assets of $72k. It reported 21 employees.