Youngstown Preparatory Academy

Analysis

Youngstown Preparatory Academy is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in July 2022, 4 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, Youngstown Preparatory Academy reported income of $1.8m and spending of $1.8m, spending 100% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $946k to $1.8m (+95%), an average of +95% a year. The sharpest change came in the year to June 2023, when income rose by 95%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Youngstown Preparatory Academy sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within OH. Charities of a similar size with the same main cause include Pima Jted Foundation ($1.8m), Davinci Academy Abc ($1.8m) and National Tsing Hua University North America Foundation Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $99k (5.4% of expenses). Other salaries and wages came to $570k. At year end it held assets of $1.3m against liabilities of $1.3m, net assets of -$53k. It reported 33 employees.