Persistence Preparatory Academy Charter School

Analysis

Persistence Preparatory Academy Charter School is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in March 2018, 8 years ago. 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, Persistence Preparatory Academy Charter School reported income of $5.8m and spending of $5.1m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $5.8m (+210%), an average of +33% a year. The sharpest change came in the year to June 2020, when income rose by 63%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Persistence Preparatory Academy Charter School sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include St Francis Health Services of Morris Inc ($5.8m), Community Career Development Inc ($5.8m) and Birch Bay Retirement Village ($5.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $163k (3.2% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $11.3m against liabilities of $7.8m, net assets of $3.4m. It reported 49 employees.