Mastery Prep Elementary

Analysis

Mastery Prep Elementary is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 2019, 7 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, Mastery Prep Elementary reported income of $10.7m and spending of $10.0m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.7m to $10.7m (+187%), an average of +30% a year. The sharpest change came in the year to June 2020, when income rose by 53%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mastery Prep Elementary 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 95th percentile, and in the 94th percentile within PA. Charities of a similar size with the same main cause include Scottsdale Preparatory Academy ($10.7m), Harbor Day Endowment Corporation ($10.8m) and Utah Connections Academy a Utah Non-Profit Corporation ($10.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $180k (1.8% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $7.4m against liabilities of $4.3m, net assets of $3.1m. It reported 77 employees.