Valley Preparatory School

Analysis

Valley Preparatory School is a registered charity in United States, based in Redlands, CA. It received its IRS tax-exemption ruling in August 1959, 67 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, Valley Preparatory School reported income of $2.8m and spending of $2.4m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $2.8m (+37%), an average of +8.1% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Valley Preparatory School sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Roane State Community College Foundation ($2.8m), Kessler School Inc ($2.8m) and Stepinac High School Foundation Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.0% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $154k (6.5% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $2.5m against liabilities of $354k, net assets of $2.2m. It reported 41 employees.