Faith Preparatory School Inc

Analysis

Faith Preparatory School Inc is a registered charity in United States, based in Lake Suzy, FL. It received its IRS tax-exemption ruling in April 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 December 2023, Faith Preparatory School Inc reported income of $877k and spending of $423k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $297k to $877k (+195%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 120%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Faith Preparatory School Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Solomon Schechter Day Schools Endowment Foundation ($877k), Business and Leadership Institute for Early Learning Inc ($878k) and University Place Latchkey Inc ($877k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $43k (10% of expenses). Other salaries and wages came to $184k. At year end it held assets of $1.3m against liabilities of $653k, net assets of $619k. It reported 23 employees.