Leadership Preparatory Inc

Analysis

Leadership Preparatory Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in September 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 2023, Leadership Preparatory Inc reported income of $6.2m and spending of $5.3m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $6.2m (+112%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Leadership Preparatory Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within TN. Charities of a similar size with the same main cause include Boston After School & Beyond Inc ($6.2m), Toras Imecha Inc ($6.2m) and East River Child Development Center ($6.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $91k (1.7% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $5.1m against liabilities of $1.3m, net assets of $3.8m. It reported 83 employees.