Studio Preparatory Inc
EIN: 473449482 · Austin, TX · NTEE: B20
| Metric | Value |
|---|---|
| Total Revenue | $798K |
| Total Expenses | $901K |
| Net Assets | $-952,271 |
Is Studio Preparatory Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Studio Preparatory Inc
Studio Preparatory Inc (EIN: 473449482) is a nonprofit organization based in Austin, TX, classified under NTEE code B20. The organization reported total revenue of $798K and total assets of $147K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Studio Preparatory Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Studio Preparatory Inc is a small nonprofit that has been operating for 10 years, with 10 years of IRS 990 filings on record (2015–2024). Revenue has grown at a compound annual rate of 12.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $667K |
| Total Expenses | $901K |
| Surplus / Deficit | $-234,129 |
| Total Assets | $115K |
| Total Liabilities | $1.1M |
| Net Assets | $-952,271 |
| Operating Margin | -35.1% |
| Debt-to-Asset Ratio | 927.6% |
| Months of Reserves | 1.5 months |
Financial Health Grade: D
In 2024, Studio Preparatory Inc reported a deficit of $234K with expenses exceeding revenue, holds 1.5 months of operating reserves (limited), has a debt-to-asset ratio of 927.6% (high leverage).
Financial Trends
Over 10 years of filings (2015–2024), Studio Preparatory Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +20.8% | +12.8% | -63.1% |
| 2023 | -11.7% | +10.5% | -42.4% |
| 2022 | +34.6% | +2.4% | -19.8% |
| 2021 | +10.2% | +14.9% | -26.0% |
| 2020 | +0.2% | +68.1% | +15.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Studio Preparatory Inc 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 Studio Preparatory Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $234K, with expenses exceeding revenue.
- Debt-to-asset ratio: 927.6%.
Frequently Asked Questions about Studio Preparatory Inc
Is Studio Preparatory Inc a legitimate charity?
Studio Preparatory Inc (EIN: 473449482) is a registered tax-exempt nonprofit based in Texas. It has 10 years of IRS 990 filings on record. Total revenue: $798K. No red flags identified. Financial health grade: D.
How does Studio Preparatory Inc spend its money?
Studio Preparatory Inc reported $798K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Studio Preparatory Inc tax-deductible?
Studio Preparatory Inc is registered as a tax-exempt nonprofit (EIN: 473449482). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Studio Preparatory Inc located?
Studio Preparatory Inc is headquartered in Austin, Texas and files with the IRS under EIN 473449482. It is classified under NTEE code B20.
How many years of IRS 990 filings does Studio Preparatory Inc have?
Studio Preparatory Inc has 10 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 $798K in total revenue.
Filing History
IRS 990 filing history for Studio Preparatory Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2015–2024), Studio Preparatory Inc's revenue has grown by 190.3%, moving from $230K to $667K. Total assets decreased by 1.5% over the same period, from $117K to $115K. Total functional expenses rose by 698.2%, from $113K to $901K. In its most recent filing year (2024), Studio Preparatory Inc reported a deficit of $234K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $115K in assets (debt-to-asset ratio: 927.6%), resulting in net assets of $-952,271.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $667K | $901K | $115K | $1.1M | — | — |
| 2023 | $552K | $799K | $311K | $1.0M | — | View 990 |
| 2022 | $625K | $723K | $540K | $1.0M | — | View 990 |
| 2021 | $465K | $707K | $674K | $1.0M | — | View 990 |
| 2020 | $422K | $615K | $911K | $1.0M | — | View 990 |
| 2019 | $421K | $366K | $786K | $722K | — | View 990 |
| 2018 | $120K | $122K | $11K | $2K | — | View 990 |
| 2017 | $167K | $199K | $12K | $1K | — | View 990 |
| 2016 | $207K | $187K | $102K | $1K | — | View 990 |
| 2015 | $230K | $113K | $117K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $667K, expenses of $901K, and assets of $115K (revenue +20.8% year-over-year).
- 2023: Revenue of $552K, expenses of $799K, and assets of $311K (revenue -11.7% year-over-year).
- 2022: Revenue of $625K, expenses of $723K, and assets of $540K (revenue +34.6% year-over-year).
- 2021: Revenue of $465K, expenses of $707K, and assets of $674K (revenue +10.2% year-over-year).
- 2020: Revenue of $422K, expenses of $615K, and assets of $911K (revenue +0.2% year-over-year).
- 2019: Revenue of $421K, expenses of $366K, and assets of $786K (revenue +250.6% year-over-year).
- 2018: Revenue of $120K, expenses of $122K, and assets of $11K (revenue -28.3% year-over-year).
- 2017: Revenue of $167K, expenses of $199K, and assets of $12K (revenue -19.1% year-over-year).
- 2016: Revenue of $207K, expenses of $187K, and assets of $102K (revenue -10.0% year-over-year).
- 2015: Revenue of $230K, expenses of $113K, and assets of $117K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Studio Preparatory Inc:
Data Sources and Methodology
This transparency report for Studio Preparatory Inc 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.