Signature Preparatory Inc

Analysis

Signature Preparatory Inc is a registered charity in United States, based in Henderson, NV. It received its IRS tax-exemption ruling in November 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, Signature Preparatory Inc reported income of $11.0m and spending of $10.6m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.4m to $11.0m (+105%), an average of +27% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Signature Preparatory Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within NV. Charities of a similar size with the same main cause include Horizon Science Acadamey Toledo ($11.0m), Southwest Leadership Academy ($11.0m) and Cincinnati College Preparatory Academy ($11.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $157k (1.5% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $27.7m against liabilities of $28.0m, net assets of -$263k. It reported 119 employees.