Hawaii Preparatory Academy

Analysis

Hawaii Preparatory Academy is a registered charity in United States, based in Kamuela, HI. It received its IRS tax-exemption ruling in September 1958, 68 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 May 2023, Hawaii Preparatory Academy reported income of $28.6m and spending of $29.5m, spending 103% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $27.4m to $28.6m (+4.1%), an average of +1.0% a year. The sharpest change came in the year to May 2021, when income rose by 16%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hawaii Preparatory Academy sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within HI. Charities of a similar size with the same main cause include The Tower Foundation of San Jose State University ($28.5m), Atmosphere Academy Public Charter Schools ($28.6m) and Benefits Data Trust ($28.5m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 9.1% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $436k (1.5% of expenses). Other salaries and wages came to $11.4m. At year end it held assets of $144.3m against liabilities of $12.6m, net assets of $131.7m. It reported 298 employees.