Capital Prep Harbor School Inc

Analysis

Capital Prep Harbor School Inc is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in May 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, Capital Prep Harbor School Inc reported income of $12.4m and spending of $12.9m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.5m to $12.4m (+46%), an average of +9.8% a year. The sharpest change came in the year to June 2020, when income rose by 20%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Capital Prep Harbor School 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 96th percentile, and in the 95th percentile within CT. Charities of a similar size with the same main cause include Aspen Prep Academy ($12.4m), Eugenio Maria Dehostos Charter School ($12.4m) and Reformation Bible College Inc ($12.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $976k (7.6% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $5.5m against liabilities of $2.5m, net assets of $3.0m. It reported 99 employees.