Allegiant Preparatory

Analysis

Allegiant Preparatory is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in June 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, Allegiant Preparatory reported income of $2.1m and spending of $1.8m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $599k to $2.1m (+258%), an average of +38% a year. The sharpest change came in the year to June 2020, when income rose by 103%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Allegiant Preparatory sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IN. Charities of a similar size with the same main cause include Heights Charter School Inc ($2.1m), Ust Realty Company ($2.1m) and Pearl River Community College Development Foundation Inc ($2.1m).

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 $189k (11% of expenses). Other salaries and wages came to $546k. At year end it held assets of $1.7m against liabilities of $739k, net assets of $914k. It reported 14 employees.