Central Point Preparatory Academy

Analysis

Central Point Preparatory Academy is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in February 2021, 5 years ago. 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, Central Point Preparatory Academy reported income of $3.0m and spending of $3.4m, spending 111% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $2.2m to $3.0m (+36%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Point Preparatory Academy sits at the 88th percentile: it is larger than about 88% 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 Palestine Gardens Inc ($3.0m), Key Center Foundation Inc ($3.0m) and International Union of Operating Engineers 147 Apprenticeships Fund ($3.0m).

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 $840k. At year end it held assets of $2.0m against liabilities of $1.9m, net assets of $136k.