Youthbuild Preparatory Academy

Analysis

Youthbuild Preparatory Academy is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in October 2024, 2 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, Youthbuild Preparatory Academy reported income of $2.9m and spending of $3.0m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $2.9m (+185%), an average of +30% a year. The sharpest change came in the year to June 2022, when income rose by 259%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Youthbuild Preparatory Academy sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 85th percentile within RI. Charities of a similar size with the same main cause include Stanly County Partnership for Children ($2.9m), Bingham Fund for Excellence in Teaching at Transylvania Univ ($2.9m) and Northampton Montessori Society Inc ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 3.4% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $1.7m against liabilities of $1.8m, net assets of -$124k. It reported 28 employees.