Towpath Trail High School

Analysis

Towpath Trail High School is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in March 2003, 23 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, Towpath Trail High School reported income of $7.4m and spending of $6.9m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.1m to $7.4m (+47%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Towpath Trail High School sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within OH. Charities of a similar size with the same main cause include Clarksdale Collegiate ($7.4m), Beta Theta Pi Foundation ($7.4m) and Timothy School Corp ($7.4m).

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 $3.0m. At year end it held assets of $9.9m against liabilities of $7.5m, net assets of $2.4m.