College Preparatory School

Analysis

College Preparatory School is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in December 1962, 64 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, College Preparatory School reported income of $24.1m and spending of $21.6m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.9m to $24.1m (+9.8%), an average of +2.4% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, College Preparatory School sits at the 97th 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 98th percentile within CA. Charities of a similar size with the same main cause include Cascade Christian Schools ($24.1m), Asu Prep Global Academy ($24.1m) and Lycee International de Boston International School of Boston Inc ($24.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $1.0m (4.8% of expenses). Other salaries and wages came to $9.5m. At year end it held assets of $86.6m against liabilities of $18.2m, net assets of $68.4m. It reported 159 employees.