Overlake Preparatory Academy

Analysis

Overlake Preparatory Academy is a registered charity in United States, based in Edison, NJ. It received its IRS tax-exemption ruling in November 2024, 2 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 December 2023, Overlake Preparatory Academy reported income of $60k and spending of $26k, leaving 57% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $60k (+0.9%), an average of +0.9% a year. Over the whole period it spent 33% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Overlake Preparatory Academy sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 30th percentile within NJ. Charities of a similar size with the same main cause include Martin Kittle Scholarship Fund ($60k), Oak Grove Elementary School Foundation ($60k) and Phoenix Band & Color Guard Booster Club Inc ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 98% of the total. At year end it held assets of $79k against liabilities of $3,260, net assets of $76k.