Pre K Preparatory Learning Academy
EIN: 475387642 · Gainesville, GA · NTEE: B21
| Metric | Value |
|---|---|
| Total Revenue | $828K |
| Total Expenses | $794K |
| Net Assets | $508K |
Is Pre K Preparatory Learning Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Pre K Preparatory Learning Academy
Pre K Preparatory Learning Academy (EIN: 475387642) is a nonprofit organization based in Gainesville, GA, classified under NTEE code B21. The organization reported total revenue of $828K and total assets of $844K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pre K Preparatory Learning Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pre K Preparatory Learning Academy is a small nonprofit that has been operating for 10 years, with 6 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 69.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $816K |
| Total Expenses | $794K |
| Surplus / Deficit | +$23K |
| Total Assets | $821K |
| Total Liabilities | $313K |
| Net Assets | $508K |
| Operating Margin | 2.8% |
| Debt-to-Asset Ratio | 38.1% |
| Months of Reserves | 12.4 months |
Financial Health Grade: A
In 2023, Pre K Preparatory Learning Academy reported a surplus of $23K with revenue exceeding expenses, holds 12.4 months of operating reserves (strong position), has a debt-to-asset ratio of 38.1% (moderate leverage).
Financial Trends
Over 6 years of filings (2016–2023), Pre K Preparatory Learning Academy's revenue has grown at a compound annual growth rate (CAGR) of 69.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.6% | +73.1% | +57.7% |
| 2021 | +43.6% | +24.0% | +449.2% |
| 2019 | +58.1% | +25.2% | +222.4% |
| 2018 | +53.5% | +42.3% | +2269.5% |
| 2017 | +833.2% | +864.8% | -58.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Pre K Preparatory Learning Academy has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Pre K Preparatory Learning Academy with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $23K, with revenue exceeding expenses.
- Debt-to-asset ratio: 38.1%.
Frequently Asked Questions about Pre K Preparatory Learning Academy
Is Pre K Preparatory Learning Academy a legitimate charity?
Pre K Preparatory Learning Academy (EIN: 475387642) is a registered tax-exempt nonprofit based in Georgia. It has 6 years of IRS 990 filings on record. Total revenue: $828K. No red flags identified. Financial health grade: A.
How does Pre K Preparatory Learning Academy spend its money?
Pre K Preparatory Learning Academy reported $828K in total revenue in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Pre K Preparatory Learning Academy tax-deductible?
Pre K Preparatory Learning Academy is registered as a tax-exempt nonprofit (EIN: 475387642). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Pre K Preparatory Learning Academy located?
Pre K Preparatory Learning Academy is headquartered in Gainesville, Georgia and files with the IRS under EIN 475387642. It is classified under NTEE code B21.
How many years of IRS 990 filings does Pre K Preparatory Learning Academy have?
Pre K Preparatory Learning Academy has 6 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 $828K in total revenue.
Filing History
IRS 990 filing history for Pre K Preparatory Learning Academy showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2016–2023), Pre K Preparatory Learning Academy's revenue has grown by 3888.1%, moving from $20K to $816K. Total assets increased by 27586.3% over the same period, from $3K to $821K. Total functional expenses rose by 3589.1%, from $22K to $794K. In its most recent filing year (2023), Pre K Preparatory Learning Academy reported a surplus of $23K, with revenue exceeding expenses. The organization holds $313K in liabilities against $821K in assets (debt-to-asset ratio: 38.1%), resulting in net assets of $508K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $816K | $794K | $821K | $313K | — | — |
| 2021 | $666K | $458K | $520K | $158K | — | View 990 |
| 2019 | $463K | $370K | $95K | $27K | — | View 990 |
| 2018 | $293K | $295K | $29K | $55K | — | View 990 |
| 2017 | $191K | $208K | $1K | $25K | — | View 990 |
| 2016 | $20K | $22K | $3K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $816K, expenses of $794K, and assets of $821K (revenue +22.6% year-over-year).
- 2021: Revenue of $666K, expenses of $458K, and assets of $520K (revenue +43.6% year-over-year).
- 2019: Revenue of $463K, expenses of $370K, and assets of $95K (revenue +58.1% year-over-year).
- 2018: Revenue of $293K, expenses of $295K, and assets of $29K (revenue +53.5% year-over-year).
- 2017: Revenue of $191K, expenses of $208K, and assets of $1K (revenue +833.2% year-over-year).
- 2016: Revenue of $20K, expenses of $22K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pre K Preparatory Learning Academy:
Data Sources and Methodology
This transparency report for Pre K Preparatory Learning Academy 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.