Pinellas Preparatory Academy Inc

Analysis

Pinellas Preparatory Academy Inc is a registered charity in United States, based in Largo, FL. It received its IRS tax-exemption ruling in May 2002, 24 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, Pinellas Preparatory Academy Inc reported income of $9.3m and spending of $8.7m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.6m to $9.3m (+41%), an average of +9.0% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pinellas Preparatory Academy Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Inspire Charter Academy Inc ($9.3m), New Horizon School Irvine ($9.3m) and Klepinger Community School ($9.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.4% of the total. Other salaries and wages came to $5.1m. At year end it held assets of $11.9m against liabilities of $9.2m, net assets of $2.6m. It reported 122 employees.