Freedom Preparatory Academy Charter Schools Alabama

Analysis

Freedom Preparatory Academy Charter Schools Alabama is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in April 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 September 2023, Freedom Preparatory Academy Charter Schools Alabama reported income of $590k and spending of $159k, leaving 73% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $250k to $590k (+136%), an average of +136% a year. The sharpest change came in the year to September 2023, when income rose by 136%. Over the whole period it spent 39% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Freedom Preparatory Academy Charter Schools Alabama sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within AL. Charities of a similar size with the same main cause include Minidoka County School District 331 Educational Foundation ($590k), Community Library ($590k) and Woods Hole Public Library ($590k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $117k. At year end it held assets of $480k against liabilities of $1,446, net assets of $479k. It reported 1 employees.