Providence Preparatory Charter School

Analysis

Providence Preparatory Charter School is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in October 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, Providence Preparatory Charter School reported income of $4.4m and spending of $4.1m, spending 91% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $415k to $4.4m (+972%), an average of +227% a year. The sharpest change came in the year to June 2022, when income rose by 699%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Providence Preparatory Charter School 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 88th percentile within RI. Charities of a similar size with the same main cause include Geneva College Foundation ($4.4m), Le Lycee Francais Et International de San Diego ($4.5m) and Cair Paravel Latin School Inc ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.9% and program service revenue 98% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $2.1m against liabilities of $1.3m, net assets of $859k. It reported 33 employees.