United Preparatory Academy Inc

Analysis

United Preparatory Academy Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in February 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, United Preparatory Academy Inc reported income of $4.1m and spending of $3.7m, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $5.2m to $4.1m (-21%), an average of -7.5% a year. The sharpest change came in the year to June 2021, when income dropped by 32%. 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, United Preparatory Academy Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Concord Hill School ($4.1m), Concord Christian Academy ($4.1m) and Local Union 164 Electrical Joint Apprenticeship and Training Trust ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m. It reported 125 employees.