Celandine Life-Prep Academy Inc

Analysis

Celandine Life-Prep Academy Inc is a registered charity in United States, based in Maitland, FL. It received its IRS tax-exemption ruling in April 2022, 4 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 2023, Celandine Life-Prep Academy Inc reported income of $595k and spending of $529k, spending 89% of its income. Across the 6 years on record, from December 2018 to June 2023, income fell from $715k to $595k (-17%), an average of -3.6% a year. The sharpest change came in the year to June 2023, when income dropped by 47%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Celandine Life-Prep Academy Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Babies and Mothers Alive USA ($595k), South Carolina First Steps to School Readiness Board of Trustees ($595k) and Holy Youth Christian Academy a North Carolina Non-Profit Corporat ($595k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $90k (17% of expenses). Other salaries and wages came to $242k. At year end it held assets of $550k against liabilities of $8,302, net assets of $542k.