Arts in College Preparatory Academy

Analysis

Arts in College Preparatory Academy is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in January 2005, 21 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, Arts in College Preparatory Academy reported income of $5.9m and spending of $6.1m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.3m to $5.9m (+12%), an average of +2.8% a year. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arts in College Preparatory Academy sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include Sherman Thomas Charter School ($5.9m), Virginia High School League ($5.9m) and Pro Vision Educational Services Inc ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.1% of the total. Other salaries and wages came to $3.1m. At year end it held assets of $13.2m against liabilities of $8.4m, net assets of $4.8m. It reported 85 employees.