Ohio Connections Academy Inc

Analysis

Ohio Connections Academy Inc is a registered charity in United States, based in Mason, OH. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ohio Connections Academy Inc reported income of $43.1m and spending of $44.5m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $34.2m to $43.1m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ohio Connections Academy Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Young Harris College ($43.1m), Erskine College ($43.2m) and Crystal Springs Uplands School ($43.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $16.3m. At year end it held assets of $14.6m against liabilities of $30.2m, net assets of -$15.6m.