Power and Grace Preparatory Academy Inc

Analysis

Power and Grace Preparatory Academy Inc is a registered charity in United States, based in Clarksville, TN. It received its IRS tax-exemption ruling in August 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, Power and Grace Preparatory Academy Inc reported income of $928k and spending of $927k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $357k to $928k (+160%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 121%. 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, Power and Grace Preparatory Academy Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within TN. Charities of a similar size with the same main cause include Utah Association of Public Charter Schools ($928k), The Nest School ($929k) and Friends of the Library of Collier County Inc ($928k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $41k (4.4% of expenses). Other salaries and wages came to $413k. At year end it held assets of $993k against liabilities of $933k, net assets of $60k. It reported 35 employees.