Kenmore Preparatory Academy

Analysis

Kenmore Preparatory Academy is a registered charity in United States, based in Toledo, 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, Kenmore Preparatory Academy reported income of $4.9m and spending of $5.3m, spending 109% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.5m to $4.9m (+96%), an average of +25% a year. The sharpest change came in the year to June 2021, when income rose by 69%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kenmore Preparatory Academy sits at the 89th percentile: it is larger than about 89% 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 Riverhead Free Library ($4.9m), Queens Yeshiva Ketana Inc ($4.9m) and Royal School System ($4.9m).

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 $1.7m. At year end it held assets of $3.7m against liabilities of $3.3m, net assets of $416k.