Oakbrook Preparatory School

Analysis

Oakbrook Preparatory School is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in March 1992, 34 years ago. 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, Oakbrook Preparatory School reported income of $5.8m and spending of $5.9m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.5m to $5.8m (+4.9%), an average of +1.2% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oakbrook Preparatory School 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 93rd percentile, and in the 95th percentile within SC. Charities of a similar size with the same main cause include Jefferson County Comprehensive ($5.8m), Universities Research Association Inc ($5.8m) and Georgia Advocacy Office Inc ($5.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.9% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $112k (1.9% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $8.4m against liabilities of $3.6m, net assets of $4.7m. It reported 139 employees.