Pinnacles Prep Charter School

Analysis

Pinnacles Prep Charter School is a registered charity in United States, based in Wenatchee, WA. It received its IRS tax-exemption ruling in August 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 August 2023, Pinnacles Prep Charter School reported income of $3.0m and spending of $3.3m, spending 109% of what it took in. Across the 4 years on record, from December 2020 to August 2023, income grew from $569k to $3.0m (+432%), an average of +74% a year. The sharpest change came in the year to August 2022, when income rose by 125%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pinnacles Prep Charter School sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within WA. Charities of a similar size with the same main cause include Ridley College Fund USA Inc ($3.0m), Courtney Christian School Inc ($3.0m) and Journey Schools Inc ($3.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $116k (3.5% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $3.2m against liabilities of $2.0m, net assets of $1.2m. It reported 43 employees.