Ivy Hill Preparatory School

Analysis

Ivy Hill Preparatory School is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 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, Ivy Hill Preparatory School reported income of $5.9m and spending of $6.0m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $759k to $5.9m (+677%), an average of +67% a year. The sharpest change came in the year to June 2020, when income rose by 312%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ivy Hill Preparatory School sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Institute for Strategic Dialogue US ($5.9m), Healdsburg School ($5.9m) and Isla Vista Youth Project Inc ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.7% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $155k (2.6% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $17.0m against liabilities of $15.7m, net assets of $1.3m. It reported 54 employees.