Village Preparatory School III

Analysis

Village Preparatory School III is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in January 2017, 9 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, Village Preparatory School III reported income of $8.9m and spending of $9.3m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.2m to $8.9m (+113%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Village Preparatory School III sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within OH. Charities of a similar size with the same main cause include California Creative Learning Academy ($8.9m), Rit Global Delivery Corporation ($8.9m) and Champion Education Network ($8.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $140k (1.5% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $11.7m against liabilities of $10.7m, net assets of $946k. It reported 104 employees.