Patriot Preparatory Academy

Analysis

Patriot Preparatory Academy is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in July 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 2024, Patriot Preparatory Academy reported income of $14.6m and spending of $12.4m, spending 85% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $6.6m to $14.6m (+119%), an average of +22% a year. The sharpest change came in the year to June 2024, when income rose by 50%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Patriot Preparatory Academy sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Kings Way Christian Schools ($14.6m), The Friends of King School ($14.6m) and Island Pacific Academy Inc ($14.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $7,050 (0.1% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $6.1m against liabilities of $0, net assets of $6.1m. It reported 151 employees.