Marion Preparatory Academy

Analysis

Marion Preparatory Academy is a registered charity in United States, based in Marion, 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, Marion Preparatory Academy reported income of $3.2m and spending of $3.4m, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.1m to $3.2m (+198%), an average of +44% a year. The sharpest change came in the year to June 2021, when income rose by 145%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Marion Preparatory Academy sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Merona Leadership Foundation ($3.2m), The Grady School ($3.2m) and Halfmoon Education Inc ($3.2m).

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 $1.5m. At year end it held assets of $2.8m against liabilities of $3.2m, net assets of -$367k.