Lincoln Preparatory Academy

Analysis

Lincoln Preparatory Academy is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in October 2016, 10 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, Lincoln Preparatory Academy reported income of $6.5m and spending of $6.2m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $6.5m (+67%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 24%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lincoln Preparatory Academy sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within AZ. Charities of a similar size with the same main cause include Cabarrus County Partnership for Children ($6.5m), Cincinnati Hebrew Day School ($6.5m) and Intercultural Montessori Foreign Language Immersion School ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $120k (1.9% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $10.9m against liabilities of $9.8m, net assets of $1.1m.