James Madison Preparatory School Inc

Analysis

James Madison Preparatory School Inc is a registered charity in United States, based in Tempe, AZ. It received its IRS tax-exemption ruling in July 2000, 26 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, James Madison Preparatory School Inc reported income of $2.5m and spending of $2.0m, leaving 20% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.5m (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2023, when income rose by 33%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, James Madison Preparatory School Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within AZ. Charities of a similar size with the same main cause include Conductive Education Center of Orlando Inc ($2.5m), Community College of Rhode Island Foundation ($2.5m) and Associated Student of Sonoma State University ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $303k (15% of expenses). Other salaries and wages came to $877k. At year end it held assets of $1.1m against liabilities of $328k, net assets of $737k. It reported 25 employees.