Savant Preparatory Academy Inc

Analysis

Savant Preparatory Academy Inc is a registered charity in United States, based in SN Bernrdno, CA. It received its IRS tax-exemption ruling in November 2018, 8 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, Savant Preparatory Academy Inc reported income of $4.0m and spending of $3.7m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $4.0m (+297%), an average of +41% a year. The sharpest change came in the year to June 2020, when income rose by 89%. 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, Savant Preparatory Academy Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Youth Entrepreneurs Inc ($4.0m), Northlake Homeless Coalition ($4.0m) and Lorain County Community College Foundation ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $324k (8.7% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $2.2m against liabilities of $382k, net assets of $1.9m. It reported 34 employees.