Central Academy of Ohio

Analysis

Central Academy of Ohio is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in December 2013, 13 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, Central Academy of Ohio reported income of $1.5m and spending of $1.7m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.5m (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2020, when income rose by 39%. 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, Central Academy of Ohio 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 83rd percentile, and in the 83rd percentile within OH. Charities of a similar size with the same main cause include Building Skills Ny ($1.5m), Parent Education & Advocacy Leadership Center ($1.5m) and Partners for Bertie County Public Schools ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. At year end it held assets of $946k against liabilities of $4.0m, net assets of -$3.0m.