Columbus Preparatory Academy

Analysis

Columbus Preparatory Academy is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Columbus Preparatory Academy reported income of $7.4m and spending of $7.1m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.2m to $7.4m (+3.0%), an average of +0.7% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Columbus Preparatory Academy 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 American Immunization Registry Association ($7.4m), Extension Foundation ($7.4m) and Johnston Charter Academy ($7.4m).

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 $8,520 (0.1% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $5.4m against liabilities of $10.1m, net assets of -$4.7m. It reported 96 employees.