Students Prepared to Succeed

Analysis

Students Prepared to Succeed is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Students Prepared to Succeed reported income of $1.6m and spending of $1.3m, leaving 20% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $171k to $1.6m (+822%), an average of +74% a year. The sharpest change came in the year to June 2023, when income rose by 131%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Students Prepared to Succeed sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MN. Charities of a similar size with the same main cause include Resurrected Community Development Corporation ($1.6m), Crafton Hills College Foundation ($1.6m) and Level Field Facilities Fund Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $139k (11% of expenses). Other salaries and wages came to $553k. At year end it held assets of $520k against liabilities of $120k, net assets of $400k. It reported 11 employees.