Pre-K Preparatory Learning Academy

Analysis

Pre-K Preparatory Learning Academy is a registered charity in United States, based in Gainesville, GA. It received its IRS tax-exemption ruling in May 2016, 10 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, Pre-K Preparatory Learning Academy reported income of $816k and spending of $794k, spending 97% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $463k to $816k (+76%), an average of +33% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pre-K Preparatory Learning Academy sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within GA. Charities of a similar size with the same main cause include Blodgett Memorial Library District of Fishkill ($816k), North Alabama Electrical Joint Apprenticeship & Training TR Fund ($816k) and Pocono MTN Public Library Inc ($816k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $101k (13% of expenses). Other salaries and wages came to $244k. At year end it held assets of $821k against liabilities of $313k, net assets of $508k. It reported 33 employees.