Pillars Preparatory Academy Inc

Analysis

Pillars Preparatory Academy Inc is a registered charity in United States, based in South River, NJ. It received its IRS tax-exemption ruling in December 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 December 2023, Pillars Preparatory Academy Inc reported income of $2.4m and spending of $2.4m, spending 103% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $209k to $2.4m (+1041%), an average of +125% a year. The sharpest change came in the year to December 2023, when income rose by 655%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pillars Preparatory Academy Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Christian Education Leadership Academy Inc ($2.4m), Peconic Community School ($2.4m) and Center for Automotive Education and Training Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.0% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $59k (2.4% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $30k against liabilities of $88k, net assets of -$57k. It reported 73 employees.