Community Preparatory School
Community Preparatory School: Strong Financial Growth, High Programmatic Spending
EIN: 222485332 · Providence, RI · NTEE: B240 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $21.2M |
| Total Expenses | $3.5M |
| Program Spending | 85% |
| Net Assets | $51.3M |
| Transparency Score | 85/100 |
Is Community Preparatory School Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Community Preparatory School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Community Preparatory School
Community Preparatory School (EIN: 222485332) is a nonprofit organization based in Providence, RI, classified under NTEE code B240. The organization reported total revenue of $21.2M and total assets of $66.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Community Preparatory School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Community Preparatory School is a large nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.3M |
| Total Expenses | $3.5M |
| Surplus / Deficit | +$7.8M |
| Total Assets | $55.5M |
| Total Liabilities | $4.2M |
| Net Assets | $51.3M |
| Operating Margin | 68.9% |
| Debt-to-Asset Ratio | 7.6% |
| Months of Reserves | 189.6 months |
Financial Health Grade: A
In 2023, Community Preparatory School reported a surplus of $7.8M with revenue exceeding expenses, holds 189.6 months of operating reserves (strong position), has a debt-to-asset ratio of 7.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Community Preparatory School's revenue has grown at a compound annual growth rate (CAGR) of 13.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +94.1% | +9.2% | +15.5% |
| 2022 | +65.8% | +12.9% | +5.1% |
| 2021 | +1.3% | +6.2% | +23.7% |
| 2020 | -0.1% | -4.0% | +6.8% |
| 2019 | +12.2% | +4.1% | +6.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Community Preparatory School with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Community Preparatory School allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $7.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.6%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and growth, with no red flags identified in the available filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Community Preparatory School:
- Significant revenue growth from $2.8M in 2017 to $11.2M in 2023, indicating strong donor support and program expansion.
- Healthy asset growth from $29.8M in 2017 to $55.5M in 2023, strengthening long-term financial stability.
- Consistent low fundraising costs, demonstrating efficient resource allocation.
- Strong programmatic spending, with a high percentage of expenses directed towards its mission.
Frequently Asked Questions about Community Preparatory School
Is Community Preparatory School a legitimate charity?
Based on AI analysis of IRS 990 filings, Community Preparatory School (EIN: 222485332) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Community Preparatory School spend its money?
Community Preparatory School directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Community Preparatory School tax-deductible?
Community Preparatory School is registered as a tax-exempt nonprofit (EIN: 222485332). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Community Preparatory School's spending goes to programs?
Community Preparatory School directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Community Preparatory School compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Community Preparatory School is above average for NTEE category B240 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Community Preparatory School located?
Community Preparatory School is headquartered in Providence, Rhode Island and files with the IRS under EIN 222485332. It is classified under NTEE code B240.
How many years of IRS 990 filings does Community Preparatory School have?
Community Preparatory School has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $21.2M in total revenue.
What does Community Preparatory School do?
Community Preparatory School is a nonprofit organization in the Education sector, located in Providence, Rhode Island. It is classified under NTEE code B240.
How much revenue does Community Preparatory School have?
Community Preparatory School reported total revenue of $21,192,765. Based on 13 IRS 990 filings on record.
What are Community Preparatory School's total assets?
Community Preparatory School holds total assets of $66,045,889 as reported in IRS 990 filings.
Where is Community Preparatory School located?
Community Preparatory School is based in Providence, Rhode Island.
What is Community Preparatory School's EIN?
Community Preparatory School's Employer Identification Number (EIN) is 222485332. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Community Preparatory School?
Community Preparatory School is classified under NTEE code B240 (Education).
Is Community Preparatory School a registered 501(c)(3)?
Yes, Community Preparatory School is recognized as a tax-exempt organization by the IRS. EIN: 222485332.
Does Community Preparatory School file IRS Form 990?
Yes, Community Preparatory School has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Community Preparatory School's revenue in 2023?
In the 202306 filing period, Community Preparatory School reported total revenue of $11,280,819, total expenses of $3,512,450, and net assets of $55,507,662.
Is Community Preparatory School's revenue growing or declining?
Community Preparatory School's revenue is growing. Revenue went from $5,811,183 (202206) to $11,280,819 (202306), a +94.1% change. Based on 13 filings on record.
What is Community Preparatory School's most recent 990 filing?
The most recent IRS Form 990 filing for Community Preparatory School covers tax period 202306. It shows revenue of $11,280,819, expenses of $3,512,450, total assets of $55,507,662, and liabilities of $4,209,167.
How much does Community Preparatory School spend on programs vs administration?
Based on IRS 990 analysis, Community Preparatory School allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Community Preparatory School a trustworthy charity?
Based on AI analysis of IRS 990 data, Community Preparatory School appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Community Preparatory School's strengths?
Positive indicators for Community Preparatory School include: Significant revenue growth from $2.8M in 2017 to $11.2M in 2023, indicating strong donor support and program expansion.. Healthy asset growth from $29.8M in 2017 to $55.5M in 2023, strengthening long-term financial stability.. Consistent low fundraising costs, demonstrating efficient resource allocation.. Strong programmatic spending, with a high percentage of expenses directed towards its mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Community Preparatory School compensate executives?
Executive compensation appears reasonable given the organization's size and growth, with no red flags identified in the available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has Community Preparatory School managed to achieve such substantial revenue growth, from $2.8M in 2017 to over $11.2M in 2023, and what specific strategies contributed to this significant increase?
The provided data shows a remarkable increase in revenue, from $2,875,648 in 2017 to $11,280,819 in 2023. This growth suggests successful fundraising campaigns, potentially increased enrollment, or significant grant acquisition. Further investigation into their annual reports or donor communications would be needed to pinpoint the exact strategies, but the trend indicates strong community and philanthropic support.
Filing History
IRS 990 filing history for Community Preparatory School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Community Preparatory School's revenue has grown by 358.5%, moving from $2.5M to $11.3M. Total assets increased by 273% over the same period, from $14.9M to $55.5M. Total functional expenses rose by 49.9%, from $2.3M to $3.5M. In its most recent filing year (2023), Community Preparatory School reported a surplus of $7.8M, with revenue exceeding expenses. The organization holds $4.2M in liabilities against $55.5M in assets (debt-to-asset ratio: 7.6%), resulting in net assets of $51.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.3M | $3.5M | $55.5M | $4.2M | — | View 990 |
| 2022 | $5.8M | $3.2M | $48.0M | $4.5M | — | View 990 |
| 2021 | $3.5M | $2.8M | $45.7M | $889K | — | View 990 |
| 2020 | $3.5M | $2.7M | $37.0M | $1.4M | — | View 990 |
| 2019 | $3.5M | $2.8M | $34.6M | $367K | — | View 990 |
| 2018 | $3.1M | $2.7M | $32.4M | $302K | — | View 990 |
| 2017 | $2.9M | $2.6M | $29.9M | $421K | — | View 990 |
| 2016 | $2.9M | $2.4M | $26.1M | $246K | — | View 990 |
| 2015 | $3.6M | $2.5M | $24.9M | $227K | — | View 990 |
| 2014 | $8.9M | $2.4M | $23.5M | $266K | — | View 990 |
| 2013 | $2.6M | $2.4M | $16.3M | $255K | — | View 990 |
| 2012 | $2.2M | $2.4M | $14.8M | $252K | — | View 990 |
| 2011 | $2.5M | $2.3M | $14.9M | $250K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.3M, expenses of $3.5M, and assets of $55.5M (revenue +94.1% year-over-year).
- 2022: Revenue of $5.8M, expenses of $3.2M, and assets of $48.0M (revenue +65.8% year-over-year).
- 2021: Revenue of $3.5M, expenses of $2.8M, and assets of $45.7M (revenue +1.3% year-over-year).
- 2020: Revenue of $3.5M, expenses of $2.7M, and assets of $37.0M (revenue -0.1% year-over-year).
- 2019: Revenue of $3.5M, expenses of $2.8M, and assets of $34.6M (revenue +12.2% year-over-year).
- 2018: Revenue of $3.1M, expenses of $2.7M, and assets of $32.4M (revenue +7.3% year-over-year).
- 2017: Revenue of $2.9M, expenses of $2.6M, and assets of $29.9M (revenue +0.8% year-over-year).
- 2016: Revenue of $2.9M, expenses of $2.4M, and assets of $26.1M (revenue -21.2% year-over-year).
- 2015: Revenue of $3.6M, expenses of $2.5M, and assets of $24.9M (revenue -59.1% year-over-year).
- 2014: Revenue of $8.9M, expenses of $2.4M, and assets of $23.5M (revenue +243.4% year-over-year).
- 2013: Revenue of $2.6M, expenses of $2.4M, and assets of $16.3M (revenue +17.8% year-over-year).
- 2012: Revenue of $2.2M, expenses of $2.4M, and assets of $14.8M (revenue -11.0% year-over-year).
- 2011: Revenue of $2.5M, expenses of $2.3M, and assets of $14.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Community Preparatory School:
Data Sources and Methodology
This transparency report for Community Preparatory School is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.