Corbett Preparatory School of Ids Inc

Analysis

Corbett Preparatory School of Ids Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in November 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, Corbett Preparatory School of Ids Inc reported income of $14.4m and spending of $12.5m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.7m to $14.4m (+13%), an average of +3.2% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Corbett Preparatory School of Ids Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Extera Public Schools ($14.4m), Partnership for Children of Cumberland County Inc ($14.4m) and Slam Foundation Inc ($14.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.0% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $224k (1.8% of expenses). Other salaries and wages came to $6.1m. At year end it held assets of $27.5m against liabilities of $6.4m, net assets of $21.0m. It reported 269 employees.