Gainesville Preparatory School Inc

Analysis

Gainesville Preparatory School Inc is a registered charity in United States, based in Gainesville, GA. It received its IRS tax-exemption ruling in May 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 December 2023, Gainesville Preparatory School Inc reported income of $450k and spending of $476k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $254k to $450k (+77%), an average of +77% a year. The sharpest change came in the year to December 2023, when income rose by 77%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gainesville Preparatory School Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within GA. Charities of a similar size with the same main cause include South Carolina First Steps to School Readiness Board of Trustees ($450k), Top Stone Christian School Inc ($450k) and Dialogue Institute ($450k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $42k (8.8% of expenses). Other salaries and wages came to $221k. At year end it held assets of $45k against liabilities of $15k, net assets of $29k. It reported 9 employees.