Prep4all Inc

Analysis

Prep4all Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Prep4all Inc reported income of $550k and spending of $841k, spending 153% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $702k to $550k (-22%), an average of -22% a year. The sharpest change came in the year to June 2023, when income dropped by 22%. Over the whole period it spent 122% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Prep4all Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Urban Literacy Project ($550k), Zos Bravehearts Foundation ($550k) and Northampton Area Public Library Inc ($550k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $210k (25% of expenses). Other salaries and wages came to $284k. At year end it held assets of $168k against liabilities of $83k, net assets of $85k. It reported 5 employees.