Northwest Ohio Classical Academy

Analysis

Northwest Ohio Classical Academy is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in January 2017, 9 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, Northwest Ohio Classical Academy reported income of $4.5m and spending of $5.6m, spending 126% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.8m to $4.5m (+142%), an average of +34% a year. The sharpest change came in the year to June 2021, when income rose by 60%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Northwest Ohio Classical Academy 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 Multicultural Academy Charter School ($4.5m), American School of Correspondence ($4.5m) and Citadel Brigadier Foundation Inc ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $12.8m against liabilities of $13.4m, net assets of -$559k. It reported 79 employees.