Quaker Preparatory Academy

Analysis

Quaker Preparatory Academy is a registered charity in United States, based in New Phila, OH. It received its IRS tax-exemption ruling in November 2021, 5 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, Quaker Preparatory Academy reported income of $1.2m and spending of $1.1m, spending 88% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $957k to $1.2m (+29%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Quaker Preparatory Academy sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include Long Island Library Resources Council Inc ($1.2m), Benton Hall Corporation ($1.2m) and She Built This City ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $15k (1.4% of expenses). Other salaries and wages came to $766k. At year end it held assets of $1.7m against liabilities of $1.0m, net assets of $654k. It reported 16 employees.