Academy Prep Center of St Petersburg Inc

Analysis

Academy Prep Center of St Petersburg Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in June 2000, 26 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 May 2023, Academy Prep Center of St Petersburg Inc reported income of $2.7m and spending of $2.9m, spending 107% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $2.2m to $2.7m (+26%), an average of +6.0% a year. The sharpest change came in the year to May 2022, when income rose by 352%. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academy Prep Center of St Petersburg Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Institute for Arts and Culture Inc ($2.7m), Cooperativa de Servicios Integrados a LA Ninez Cosiani ($2.7m) and Intech Collegiate Academy ($2.7m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $138k (4.7% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $15.7m against liabilities of $75k, net assets of $15.6m.