Northeast Ohio College Preparatory School

Analysis

Northeast Ohio College Preparatory School is a registered charity in United States, based in Parma, OH. It received its IRS tax-exemption ruling in September 2014, 12 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, Northeast Ohio College Preparatory School reported income of $8.9m and spending of $7.3m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.0m to $8.9m (+77%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Northeast Ohio College Preparatory School sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within OH. Charities of a similar size with the same main cause include Falmouth Academy Incorporated ($8.9m), Altamont School ($8.9m) and Manzano Day School ($8.9m).

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 $2.4m. At year end it held assets of $4.3m against liabilities of $6.0m, net assets of -$1.7m.