Global Preparatory Academy Inc

Analysis

Global Preparatory Academy Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 2019, 7 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, Global Preparatory Academy Inc reported income of $10.9m and spending of $9.0m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.1m to $10.9m (+79%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Global Preparatory Academy Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within IN. Charities of a similar size with the same main cause include Iowa Association for the Education of Young Children Inc ($10.8m), Michigan College Access Network ($10.9m) and Draw Academy Incorporated ($10.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $262k (2.9% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $6.0m against liabilities of $591k, net assets of $5.5m. It reported 122 employees.