Fine Arts Preparatory School

Analysis

Fine Arts Preparatory School is a registered charity in United States, based in Moore, SC. It received its IRS tax-exemption ruling in May 2023, 3 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, Fine Arts Preparatory School reported income of $349k and spending of $393k, spending 113% of what it took in. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fine Arts Preparatory School sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within SC. Charities of a similar size with the same main cause include California Council on the Education of Teachers ($349k), Scott Township Public Library ($349k) and Leon N Weiner Education Foundation ($349k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $97k against liabilities of $141k, net assets of -$44k.