Baypoint Preparatory Academy

Analysis

Baypoint Preparatory Academy is a registered charity in United States, based in San Marcos, CA. It received its IRS tax-exemption ruling in June 2017, 9 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, Baypoint Preparatory Academy reported income of $3.3m and spending of $3.3m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.6m to $3.3m (-49%), an average of -16% a year. The sharpest change came in the year to June 2021, when income dropped by 51%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Baypoint Preparatory Academy sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Vermont Achievement Center Inc ($3.3m), Sigma Alpha Epsilon Foundation ($3.3m) and City Neighbors Hamilton Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $350k (11% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $7.1m against liabilities of $5.5m, net assets of $1.6m. It reported 34 employees.