Romero Academy

Analysis

Romero Academy is a registered charity in United States, based in Cincinnati, 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, Romero Academy reported income of $2.1m and spending of $1.6m, leaving 26% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $1.6m to $2.1m (+28%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Romero Academy sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within OH. Charities of a similar size with the same main cause include Brightpoint Community College Foundation ($2.1m), Fundamental Literacy Foundation ($2.1m) and Paths to Independence ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 44% of the total. Other salaries and wages came to $717k. At year end it held assets of $1.4m against liabilities of $525k, net assets of $869k. It reported 35 employees.