Valor Preparatory Academy

Analysis

Valor Preparatory Academy is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in June 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, Valor Preparatory Academy reported income of $3.2m and spending of $3.4m, spending 108% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.2m to $3.2m (+174%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 57%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Valor Preparatory Academy sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Explorers Academy of Science and Technology ($3.2m), Detroit Public Safety Foundation ($3.2m) and Icon Preparatory School Jacksonville Inc ($3.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.7% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $60k (1.8% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $3.2m against liabilities of $959k, net assets of $2.2m. It reported 94 employees.