Icon Preparatory School Inc

Analysis

Icon Preparatory School Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in May 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, Icon Preparatory School Inc reported income of $4.3m and spending of $4.8m, spending 112% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.3m to $4.3m (+81%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Icon Preparatory School Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Texas Center for the Judiciary ($4.3m), Newtown Montessori Society Inc ($4.3m) and Zoom Group Inc ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $520k (11% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $2.2m against liabilities of $2.0m, net assets of $235k. It reported 46 employees.