Texas Preparatory School

Analysis

Texas Preparatory School is a registered charity in United States, based in San Marcos, TX. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Texas Preparatory School reported income of $3.7m and spending of $3.2m, spending 86% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.0m to $3.7m (+21%), an average of +4.8% a year. The sharpest change came in the year to August 2023, when income rose by 32%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Texas 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 90th percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Opportunity Junction Inc ($3.7m), New Orleans Sponsoring Committee -Together New Orleans ($3.7m) and Georgia Center for Nonprofits Inc ($3.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $1.8m (57% of expenses). At year end it held assets of $2.4m against liabilities of $1.5m, net assets of $859k. It reported 42 employees.