Early College Academy

Analysis

Early College Academy is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Early College Academy reported income of $1.6m and spending of $1.5m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.6m (+19%), an average of +4.3% a year. The sharpest change came in the year to June 2023, when income rose by 34%. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Early College Academy sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within OH. Charities of a similar size with the same main cause include Granville Public Library Association ($1.6m), Apostles Lutheran Day School Inc Apostles Lutheran Day Care ($1.6m) and Facility Guidelines Institute Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 57% of the total. Other salaries and wages came to $820k. At year end it held assets of $2.7m against liabilities of $3.7m, net assets of -$1.0m. It reported 24 employees.