Colleton Preparatory Academy Inc

Analysis

Colleton Preparatory Academy Inc is a registered charity in United States, based in Walterboro, SC. It received its IRS tax-exemption ruling in January 1990, 36 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, Colleton Preparatory Academy Inc reported income of $3.0m and spending of $3.3m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $3.0m (+48%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 26%. 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, Colleton Preparatory Academy Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within SC. Charities of a similar size with the same main cause include New York College of Traditional Chinese Medicine ($3.0m), Coastal High School ($3.0m) and Support for Catholic Schools Inc ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $1.1m against liabilities of $1.5m, net assets of -$366k. It reported 113 employees.