South Carolina Preparartory Academy

Analysis

South Carolina Preparartory Academy is a registered charity in United States, based in Anderson, SC. It received its IRS tax-exemption ruling in January 2021, 5 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, South Carolina Preparartory Academy reported income of $4.3m and spending of $4.0m, spending 93% of its income. The sharpest change came in the year to June 2022, when income rose by 883%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, South Carolina Preparartory Academy sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within SC. Charities of a similar size with the same main cause include St Gerard House ($4.3m), Kansas City Girls Preparatory Academy ($4.3m) and Excelsior Charter Group ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $704k. At year end it held assets of $514k against liabilities of $19k, net assets of $496k. It reported 24 employees.