Gem Prep Twin Falls LLC

Analysis

Gem Prep Twin Falls LLC is a registered charity in United States, based in Deary, ID. It received its IRS tax-exemption ruling in February 2022, 4 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 2024, Gem Prep Twin Falls LLC reported income of $2.3m and spending of $2.5m, spending 108% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $28k to $2.3m (+8183%), an average of +810% a year. The sharpest change came in the year to June 2023, when income rose by 2686%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gem Prep Twin Falls LLC sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within ID. Charities of a similar size with the same main cause include Foundation for Excellence Inc ($2.3m), Cedar Ridge Christian School ($2.3m) and Bethesda University ($2.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 1.5% of the total. Other salaries and wages came to $940k. At year end it held assets of $13.5m against liabilities of $13.6m, net assets of -$95k. It reported 17 employees.