Tru Prep Academy Inc

Analysis

Tru Prep Academy Inc is a registered charity in United States, based in Pembroke Pines, FL. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tru Prep Academy Inc reported income of $1.6m and spending of $1.1m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2018 to December 2023, income grew from $315k to $1.6m (+395%), an average of +49% a year. The sharpest change came in the year to December 2020, when income rose by 156%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tru Prep Academy Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Island School ($1.6m), Bridge Boston Foundation Inc ($1.6m) and Glenforest School ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.7% and program service revenue 97% of the total. Other salaries and wages came to $274k. At year end it held assets of $592k against liabilities of $148k, net assets of $443k. It reported 9 employees.