Mount Auburn Preparatory Academy

Analysis

Mount Auburn Preparatory Academy is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in May 2019, 7 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, Mount Auburn Preparatory Academy reported income of $5.4m and spending of $5.9m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $5.4m (+122%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mount Auburn 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 92nd percentile, and in the 92nd percentile within OH. Charities of a similar size with the same main cause include Central City Cyber School of Milwaukee ($5.4m), Educational Policy Improvement Center ($5.4m) and Appalachian College of Pharmacy ($5.4m).

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 $1.9m. At year end it held assets of $8.9m against liabilities of $11.8m, net assets of -$2.9m.

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.