Niles Preparatory Academy

Analysis

Niles Preparatory Academy is a registered charity in United States, based in Niles, OH. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Niles Preparatory Academy reported income of $2.1m and spending of $2.3m, spending 114% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $1.1m to $2.1m (+80%), an average of +80% a year. The sharpest change came in the year to June 2023, when income rose by 80%. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Niles Preparatory Academy sits at the 82nd 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 United Daughters of the Confederacy ($2.1m), National Business Education Association ($2.1m) and Arizonia Independent Schools Scholarship Foundation ($2.1m).

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 $691k. At year end it held assets of $1.2m against liabilities of $1.6m, net assets of -$440k.