Everglades Preparatory Academy Inc

Analysis

Everglades Preparatory Academy Inc is a registered charity in United States, based in Pahokee, FL. It received its IRS tax-exemption ruling in October 2002, 24 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, Everglades Preparatory Academy Inc reported income of $1.8m and spending of $2.0m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.8m (+43%), an average of +9.4% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Everglades Preparatory Academy Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Jamestown Community Learning Council ($1.8m), Cyclones Amateur Hockey Association ($1.8m) and National Alliance of Black School Educators Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $96k (4.8% of expenses). Other salaries and wages came to $769k. At year end it held assets of $863k against liabilities of $336k, net assets of $527k. It reported 15 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.