Circle City Preparatory Inc

Analysis

Circle City Preparatory Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in April 2016, 10 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, Circle City Preparatory Inc reported income of $5.5m and spending of $4.9m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $5.5m (+224%), an average of +34% a year. The sharpest change came in the year to June 2022, when income rose by 62%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Circle City Preparatory Inc 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 92nd percentile, and in the 93rd percentile within IN. Charities of a similar size with the same main cause include Genesis School Inc ($5.5m), Hmong Education Reform Company ($5.5m) and Brashier Middle College Charter High School Inc ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $203k (4.1% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $6.4m against liabilities of $4.8m, net assets of $1.6m. It reported 47 employees.