Southfield Preparatory Academy

Analysis

Southfield 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, Southfield Preparatory Academy reported income of $3.8m and spending of $3.7m, spending 98% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $2.6m to $3.8m (+46%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southfield Preparatory Academy sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within OH. Charities of a similar size with the same main cause include Dumas Wesley Community Center ($3.8m), Federal City Council ($3.8m) and Santa Clara County Asian Law Alliance Inc ($3.8m).

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 $1.2m. At year end it held assets of $2.9m against liabilities of $2.2m, net assets of $684k.