San Antonio Preparatory Inc

Analysis

San Antonio Preparatory Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in March 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, San Antonio Preparatory Inc reported income of $3.1m and spending of $3.1m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $792k to $3.1m (+297%), an average of +58% a year. The sharpest change came in the year to June 2021, when income rose by 345%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, San Antonio Preparatory Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include David X Marks Foundation University Affairs ($3.1m), Southeastern Libraries Cooperating ($3.1m) and College Prep Elementary ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 8.1% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $2.6m against liabilities of $2.1m, net assets of $468k. It reported 30 employees.