Girls Preparatory School Inc

Analysis

Girls Preparatory School Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in September 1946, 80 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 2024, Girls Preparatory School Inc reported income of $31.7m and spending of $23.5m, leaving 26% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $19.6m to $31.7m (+62%), an average of +13% a year. The sharpest change came in the year to June 2024, when income rose by 30%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Girls 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 TN. Charities of a similar size with the same main cause include Cushman School Inc ($31.7m), Summit Center Inc ($31.8m) and Park School Corporation ($31.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 39% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $1.1m (4.8% of expenses). Other salaries and wages came to $7.3m. At year end it held assets of $77.3m against liabilities of $19.6m, net assets of $57.7m. It reported 352 employees.