Capital Prep Charter Schools Ny

Analysis

Capital Prep Charter Schools Ny is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in September 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, Capital Prep Charter Schools Ny reported income of $21.7m and spending of $20.1m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $10.2m to $21.7m (+112%), an average of +28% a year. The sharpest change came in the year to June 2021, when income rose by 54%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Capital Prep Charter Schools Ny sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CT. Charities of a similar size with the same main cause include San Francisco Friends School ($21.7m), Pine Lake Preparatory Inc ($21.7m) and Associated Students Inc ($21.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $588k (2.9% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $84.7m against liabilities of $77.2m, net assets of $7.5m. It reported 135 employees.