Toledo Preparatory and Fitness Academy

Analysis

Toledo Preparatory and Fitness Academy is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in January 2015, 11 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, Toledo Preparatory and Fitness Academy reported income of $3.7m and spending of $3.7m, spending 100% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $2.2m to $3.7m (+68%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Toledo Preparatory and Fitness Academy sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within OH. Charities of a similar size with the same main cause include Alethia Labs Inc ($3.7m), Vcu Investment Management Company ($3.7m) and Heart Math Tutoring Inc ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $367k against liabilities of $367k, net assets of $100.