Cleveland College Preparatory School

Analysis

Cleveland College Preparatory School is a registered charity in United States, based in Parma, OH. It received its IRS tax-exemption ruling in November 2014, 12 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, Cleveland College Preparatory School reported income of $4.3m and spending of $3.3m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $4.3m (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cleveland College Preparatory School sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Madonna Learning Center Incorporated ($4.3m), Real Salt Lake Academy High School ($4.3m) and Student Association of Binghamton University Inc ($4.3m).

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 $839k. At year end it held assets of $4.0m against liabilities of $3.6m, net assets of $465k.