Alliance Preparatory Schools Inc

Analysis

Alliance Preparatory Schools Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in November 2016, 10 years ago. 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, Alliance Preparatory Schools Inc reported income of $24.1m and spending of $23.8m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.3m to $24.1m (+232%), an average of +35% a year. The sharpest change came in the year to June 2020, when income rose by 68%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alliance Preparatory Schools Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Psa 3 Agency on Aging Inc ($24.1m), Global Teen Challenge Inc ($24.2m) and Comprehensive Behavioral Healthcare Inc ($24.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.7% and program service revenue 78% of the total. Other salaries and wages came to $7.8m. At year end it held assets of $50.9m against liabilities of $45.4m, net assets of $5.6m. It reported 249 employees.