Chinquapin Preparatory School

Analysis

Chinquapin Preparatory School is a registered charity in United States, based in Highlands, TX. It received its IRS tax-exemption ruling in August 1969, 57 years ago. 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, Chinquapin Preparatory School reported income of $3.1m and spending of $3.9m, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.9m to $3.1m (-19%), an average of -5.1% a year. The sharpest change came in the year to June 2020, when income dropped by 40%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chinquapin Preparatory School sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($3.1m), Real Crisis Intervention Inc ($3.1m) and One World Montessori School Inc ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $134k (3.5% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $11.2m against liabilities of $121k, net assets of $11.1m. It reported 45 employees.