Mercy Preparatory Academy

Analysis

Mercy Preparatory Academy is a registered charity in United States, based in Waxahachie, TX. It received its IRS tax-exemption ruling in October 2020, 6 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 December 2023, Mercy Preparatory Academy reported income of $320k and spending of $287k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $288 to $320k (+110998%), an average of +110998% a year. The sharpest change came in the year to December 2023, when income rose by 110998%. 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, Mercy Preparatory Academy sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Louisiana State University at Alexandria Foundation ($320k), Limitless Vistas Inc ($320k) and Ridgecrest Intermediate School Booster Club Inc ($320k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $21k (7.3% of expenses). Other salaries and wages came to $143k. It paid $625 in professional fundraising fees. At year end it held assets of $180k against liabilities of $147k, net assets of $33k. It reported 27 employees.