Park City Prep Charter School Inc

Analysis

Park City Prep Charter School Inc is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in October 2007, 19 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, Park City Prep Charter School Inc reported income of $6.5m and spending of $6.4m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.7m to $6.5m (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Park City Prep Charter School Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within CT. Charities of a similar size with the same main cause include Mr & Mrs E H Sumners Foundation ($6.5m), Heichal Hatorah ($6.5m) and High Mountain Institute Inc ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $520k (8.1% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $6.7m against liabilities of $3.9m, net assets of $2.8m. It reported 45 employees.