Eastland Preparatory Academy

Analysis

Eastland Preparatory Academy is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in October 2015, 11 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, Eastland Preparatory Academy reported income of $5.7m and spending of $4.9m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $5.7m (+158%), an average of +27% a year. The sharpest change came in the year to June 2023, when income rose by 35%. 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, Eastland Preparatory Academy 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 Near Eastside Innovation School Corp ($5.7m), African Leadership Foundation ($5.7m) and FC Cornerstone Christian Academy ($5.7m).

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 $53k. At year end it held assets of $3.7m against liabilities of $3.8m, net assets of -$86k. It reported 1 employees.