Camden Prep Inc

Analysis

Camden Prep Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 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 2023, Camden Prep Inc reported income of $29.3m and spending of $29.8m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.0m to $29.3m (+96%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Camden Prep Inc 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 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Hilbert College ($29.3m), Envision Education Inc ($29.4m) and Dakota Wesleyan University ($29.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Other salaries and wages came to $10.7m. At year end it held assets of $67.3m against liabilities of $61.8m, net assets of $5.4m. It reported 297 employees.