Toledo Christian Schools Incorporated

Analysis

Toledo Christian Schools Incorporated is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in January 1981, 45 years ago. 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, Toledo Christian Schools Incorporated reported income of $6.7m and spending of $7.2m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $6.7m (+53%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Toledo Christian Schools Incorporated 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 93rd percentile, and in the 94th percentile within OH. Charities of a similar size with the same main cause include California Emergency Foodlink ($6.7m), Psi World ($6.7m) and Fuse Corps ($6.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Other salaries and wages came to $3.5m. At year end it held assets of $5.0m against liabilities of $2.9m, net assets of $2.1m. It reported 183 employees.