East Preparatory Academy

Analysis

East Preparatory Academy is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, East Preparatory Academy reported income of $3.2m and spending of $3.0m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $3.2m (+51%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, East Preparatory Academy sits at the 86th percentile: it is larger than about 86% 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 Arizona Tuition Organization Inc ($3.2m), Provident Group - Bison Properties Inc ($3.2m) and Regional Learning Alliance ($3.2m).

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 $1.3m. At year end it held assets of $2.3m against liabilities of $3.1m, net assets of -$828k.