Vanguard College Preparatory School

Analysis

Vanguard College Preparatory School is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in April 1975, 51 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 July 2023, Vanguard College Preparatory School reported income of $6.0m and spending of $5.1m, spending 85% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $3.7m to $6.0m (+62%), an average of +13% a year. The sharpest change came in the year to July 2023, when income rose by 27%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vanguard College Preparatory School sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Marine Corps-Law Enforcement Foundation Inc ($6.0m), Crayons to Classrooms ($6.0m) and Center for Excellence in Highereducation Inc ($6.0m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $158k (3.1% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $6.4m against liabilities of $3.3m, net assets of $3.1m. It reported 40 employees.