Prepare Institute

Analysis

Prepare Institute is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Prepare Institute reported income of $308k and spending of $274k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $128k to $308k (+140%), an average of +140% a year. The sharpest change came in the year to December 2023, when income rose by 140%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Prepare Institute sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within PA. Charities of a similar size with the same main cause include Kentucky Farm Bureau Insurance Foundation Inc ($308k), Friends of the Multnomah County Library ($308k) and Holt Rams Booster Club ($308k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $16k. At year end it held assets of $71k against liabilities of $1,049, net assets of $70k. It reported 1 employees.