Prew Academy of Sarasota Inc

Analysis

Prew Academy of Sarasota Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in April 1992, 34 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, Prew Academy of Sarasota Inc reported income of $462k and spending of $496k, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $359k to $462k (+29%), an average of +8.8% a year. The sharpest change came in the year to June 2022, when income rose by 49%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Prew Academy of Sarasota Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Lotus Petal USA ($462k), Adult Learning Alliance Inc ($462k) and Wooden Fish Parents First ($462k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $102k (21% of expenses). Other salaries and wages came to $160k. At year end it held assets of $127k against liabilities of $36k, net assets of $92k. It reported 9 employees.