Worcester Preparatory School Inc

Analysis

Worcester Preparatory School Inc is a registered charity in United States, based in Berlin, MD. It received its IRS tax-exemption ruling in September 1970, 56 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, Worcester Preparatory School Inc reported income of $9.3m and spending of $8.4m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.3m to $9.3m (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Worcester Preparatory School Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MD. Charities of a similar size with the same main cause include Ben Porat Yosef Inc ($9.3m), Teaneck Community Charter School a New Jersey Nonprofit Corporation ($9.3m) and Chattahoochee Hills Charter School Inc ($9.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.3% and program service revenue 90% of the total. Other salaries and wages came to $4.7m. At year end it held assets of $18.8m against liabilities of $1.1m, net assets of $17.7m. It reported 163 employees.