Belton Preparatory Academy Inc

Analysis

Belton Preparatory Academy Inc is a registered charity in United States, based in Belton, SC. It received its IRS tax-exemption ruling in April 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, Belton Preparatory Academy Inc reported income of $2.7m and spending of $2.6m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $846k to $2.7m (+214%), an average of +33% a year. The sharpest change came in the year to June 2020, when income rose by 37%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Belton Preparatory Academy Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within SC. Charities of a similar size with the same main cause include Northern Michigan Christian School Association ($2.7m), Johnson City Public Library ($2.7m) and Literacy Services of Wisconsin Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $1.1m against liabilities of $752k, net assets of $343k. It reported 17 employees.