Granada Preparatory School Inc

Analysis

Granada Preparatory School Inc is a registered charity in United States, based in Chatsworth, CA. It received its IRS tax-exemption ruling in April 1980, 46 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, Granada Preparatory School Inc reported income of $2.4m and spending of $2.4m, spending 99% of its income. Across the 6 years on record, from June 2018 to June 2023, income fell from $4.0m to $2.4m (-40%), an average of -9.7% a year. The sharpest change came in the year to June 2022, when income rose by 84%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Granada Preparatory School Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include League for Innovation in the Community College ($2.4m), Bend International School Inc ($2.4m) and Davenport University Foundation ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.7% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $205k (8.5% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.3m against liabilities of $837k, net assets of $436k. It reported 69 employees.