Statesmen College Preparatory Academy for Boys PCS

Analysis

Statesmen College Preparatory Academy for Boys PCS is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 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 2024, Statesmen College Preparatory Academy for Boys PCS reported income of $11.5m and spending of $11.0m, spending 95% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.4m to $11.5m (+241%), an average of +28% a year. The sharpest change came in the year to June 2021, when income rose by 62%. 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, Statesmen College Preparatory Academy for Boys PCS sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 88th percentile within DC. Charities of a similar size with the same main cause include Miami-Dade Foundation for Educational Innovation ($11.5m), Mary McLeod Bethune Day Academy ($11.5m) and Victory Ridge Academy Inc ($11.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 27% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $259k (2.4% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $5.6m against liabilities of $444k, net assets of $5.2m. It reported 73 employees.