Montgomery Preparatory Academy

Analysis

Montgomery Preparatory Academy is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in January 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, Montgomery Preparatory Academy reported income of $3.8m and spending of $3.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $3.8m (+116%), an average of +21% a year. The sharpest change came in the year to June 2020, when income rose by 43%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Montgomery Preparatory Academy sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within OH. Charities of a similar size with the same main cause include Icohs College Inc ($3.8m), New Hope Charter School ($3.8m) and Villa Bella Expeditionary ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $1.8m against liabilities of $3.0m, net assets of -$1.2m.