Skyway Career Prep High School

Analysis

Skyway Career Prep High School is a registered charity in United States, based in Toledo, 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, Skyway Career Prep High School reported income of $2.8m and spending of $2.9m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $2.8m (+74%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 41%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Skyway Career Prep High School sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Philadelphia Classical School ($2.8m), Louisville Free Public Library Foundation Inc ($2.8m) and The Parkmont School Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $3,250 (0.1% of expenses). At year end it held assets of $656k against liabilities of $1.4m, net assets of -$700k.