Columbus Academy

Analysis

Columbus Academy is a registered charity in United States, based in Gahanna, OH. It received its IRS tax-exemption ruling in April 1938, 88 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, Columbus Academy reported income of $42.1m and spending of $42.4m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $40.4m to $42.1m (+4.2%), an average of +1.0% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Columbus Academy sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Hopkins School Incorporated ($42.1m), Keck Graduate Institute ($42.1m) and Emma Willard School ($42.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $889k (2.1% of expenses). Other salaries and wages came to $18.1m. At year end it held assets of $99.4m against liabilities of $23.0m, net assets of $76.4m. It reported 517 employees.