The school is situated at 985 Avenida Gregorio Escobedo in the city district of Jesús María, and within the limits of San Felipe residential complex.
In 1969, during the military government of Gen. Juan Velasco Alvarado, the religious order withdrew from the school.
On July 21, 1989 under government resolution N° 1568-USE13 the school was recognized as “Centro Educativo de Gestion Cooperativa San Felipe".
Based on the academic performance of its graduates, San Felipe is ranked among the best schools in Peru by the respected Pontificia Universidad Católica del Perú (PUCP).
As a result, San Felipe has consistently earned a spot on the list of schools whose top students seeking admission to the PUCP are exempted from the university's entrance examination.