Tampa Preparatory School Inc

Analysis

Tampa Preparatory School Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in March 1976, 50 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, Tampa Preparatory School Inc reported income of $27.9m and spending of $20.9m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.4m to $27.9m (+37%), an average of +8.2% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tampa Preparatory School Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Bryan College ($27.9m), Foundation for City College ($27.9m) and Santa Fe Christian Schools ($27.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $498k (2.4% of expenses). Other salaries and wages came to $9.1m. At year end it held assets of $64.7m against liabilities of $26.4m, net assets of $38.4m. It reported 246 employees.