Quad Preparatory School

Analysis

Quad Preparatory School is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 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, Quad Preparatory School reported income of $24.2m and spending of $25.7m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.2m to $24.2m (+137%), an average of +24% a year. The sharpest change came in the year to June 2020, when income rose by 43%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Quad Preparatory School sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include University of No Ala Foundation ($24.2m), Joseph & Florence Mandel Jewish Day School ($24.2m) and Asu Prep Global Academy ($24.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.6% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $865k (3.4% of expenses). Other salaries and wages came to $14.2m. At year end it held assets of $49.6m against liabilities of $55.1m, net assets of -$5.4m. It reported 292 employees.