Los Angeles College Prep Academy

Analysis

Los Angeles College Prep Academy is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 2004, 22 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, Los Angeles College Prep Academy reported income of $1.2m and spending of $1.5m, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.1m to $1.2m (-41%), an average of -12% a year. The sharpest change came in the year to June 2020, when income dropped by 23%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Los Angeles College Prep Academy sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Westport-Weston Cooperative Nursery School Inc ($1.2m), New Castle County Childrens House Montessori School Inc ($1.2m) and Hope Chinese School Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $114k (7.6% of expenses). Other salaries and wages came to $519k. At year end it held assets of $1.6m against liabilities of $1.3m, net assets of $299k. It reported 15 employees.