Preparatory School of the District of Columbia Inc

Analysis

Preparatory School of the District of Columbia Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 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 August 2023, Preparatory School of the District of Columbia Inc reported income of $292k and spending of $289k, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.0m to $292k (-72%), an average of -27% a year. The sharpest change came in the year to August 2023, when income dropped by 61%. 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, Preparatory School of the District of Columbia Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 35th percentile within DC. Charities of a similar size with the same main cause include Indiana Arborist Association Inc ($292k), Andys Angels ($292k) and Summer Creek High School All Sports Booster Club ($292k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 8.6% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $87k (30% of expenses). Other salaries and wages came to $156k. At year end it held assets of $30k against liabilities of $1.9m, net assets of -$1.8m. It reported 8 employees.