North Columbus Preparatory Academy

Analysis

North Columbus Preparatory Academy is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in June 2020, 6 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, North Columbus Preparatory Academy reported income of $2.3m and spending of $2.9m, spending 126% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.1m to $2.3m (+119%), an average of +30% a year. The sharpest change came in the year to June 2021, when income rose by 127%. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Columbus Preparatory Academy sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within OH. Charities of a similar size with the same main cause include Immanuel Genius Inc ($2.3m), Madison Public Library Foundation Inc ($2.3m) and Roots Public Charter School Inc ($2.3m).

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 $630k. At year end it held assets of $1.2m against liabilities of $2.3m, net assets of -$1.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.