Mansfield Preparatory Academy Inc

Analysis

Mansfield Preparatory Academy Inc is a registered charity in United States, based in Lorain, OH. It received its IRS tax-exemption ruling in June 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mansfield Preparatory Academy Inc reported income of $8.0m and spending of $7.1m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.4m to $8.0m (+50%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mansfield Preparatory Academy Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within OH. Charities of a similar size with the same main cause include Bay View Academy ($8.0m), High Point Academy ($8.0m) and Holy Cross Head Start Inc ($8.0m).

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 $2.9m. At year end it held assets of $11.4m against liabilities of $10.9m, net assets of $528k.