Canton College Preparatory School

Analysis

Canton College Preparatory School is a registered charity in United States, based in Canton, OH. It received its IRS tax-exemption ruling in August 2014, 12 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, Canton College Preparatory School reported income of $5.9m and spending of $5.4m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $5.9m (+109%), an average of +20% a year. The sharpest change came in the year to June 2020, when income rose by 24%. 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, Canton College Preparatory School sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include Behavioral Science Centers ($5.9m), Henry Ford Learning Institute ($5.9m) and Valdosta State University Foundation Inc ($5.9m).

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 $1.7m. At year end it held assets of $4.9m against liabilities of $6.6m, net assets of -$1.6m.