St Croix Preparatory Academy

Analysis

St Croix Preparatory Academy is a registered charity in United States, based in Stillwater, MN. It received its IRS tax-exemption ruling in February 2005, 21 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, St Croix Preparatory Academy reported income of $17.5m and spending of $17.0m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.7m to $17.5m (+27%), an average of +6.2% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, St Croix Preparatory Academy sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include Achievement First Bridgeport Academy Inc ($17.5m), University of the Southwest ($17.5m) and Teaching Lab ($17.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 6.7% of the total. Compensation of current officers, directors and key employees was $696k (4.1% of expenses). Other salaries and wages came to $8.0m. At year end it held assets of $15.6m against liabilities of $12.3m, net assets of $3.2m. It reported 265 employees.