Akron Preparatory School

Analysis

Akron Preparatory School is a registered charity in United States, based in Akron, 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, Akron Preparatory School reported income of $4.8m and spending of $4.6m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $4.8m (+112%), an average of +21% a year. The sharpest change came in the year to June 2021, when income rose by 47%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Akron Preparatory School sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within OH. Charities of a similar size with the same main cause include Faculty-Student Association of Adirondack Community College Inc ($4.8m), Emma Jewel Charter School Inc ($4.8m) and Fast Foward Charter High School Inc ($4.8m).

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 $1.6m. At year end it held assets of $1.9m against liabilities of $3.6m, net assets of -$1.7m.