Columbus Preparatory And Fitness Academy
Columbus Preparatory And Fitness Academy consistently spends all revenue with no officer compensation, maintaining minimal assets.
EIN: 202756525 · Columbus, OH · NTEE: B28 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.7M |
| Total Expenses | $5.7M |
| Program Spending | 90% |
| Net Assets | $100 |
| Transparency Score | 85/100 |
Is Columbus Preparatory And Fitness Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Columbus Preparatory And Fitness Academy directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Columbus Preparatory And Fitness Academy
Columbus Preparatory And Fitness Academy (EIN: 202756525) is a nonprofit organization based in Columbus, OH, classified under NTEE code B28. The organization reported total revenue of $6.7M and total assets of $158K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Columbus Preparatory And Fitness Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Columbus Preparatory And Fitness Academy is a mid-size nonprofit that has been operating for 11 years, with 7 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 10.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.7M |
| Total Expenses | $5.7M |
| Surplus / Deficit | +$0 |
| Total Assets | $52K |
| Total Liabilities | $52K |
| Net Assets | $100 |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 99.8% |
| Months of Reserves | 0.1 months |
Financial Health Grade: C
In 2023, Columbus Preparatory And Fitness Academy reported a surplus of $0 with revenue exceeding expenses, holds 0.1 months of operating reserves (limited), has a debt-to-asset ratio of 99.8% (high leverage).
Financial Trends
Over 7 years of filings (2015–2023), Columbus Preparatory And Fitness Academy's revenue has grown at a compound annual growth rate (CAGR) of 10.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +179.1% | +179.1% | +26.0% |
| 2021 | -43.8% | -43.8% | -64.5% |
| 2020 | -15.1% | -15.1% | +164.3% |
| 2019 | +34.9% | +34.9% | -29.5% |
| 2017 | +11.9% | +11.9% | -61.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Columbus Preparatory And Fitness Academy with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Columbus Preparatory And Fitness Academy allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 99.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not compensated through the organization's budget, which is highly favorable for resource allocation and transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Columbus Preparatory And Fitness Academy's IRS 990 filings:
- Minimal asset accumulation relative to revenue, potentially limiting long-term stability or investment capacity.
Strengths
The following positive indicators were identified for Columbus Preparatory And Fitness Academy:
- 100% program spending efficiency, as all revenue is expended each period.
- Zero officer compensation reported across all filings, indicating high dedication of funds to mission.
- Consistent operational solvency, with expenses matching revenue each period.
- Significant revenue growth over the analyzed period, demonstrating increasing operational scale.
Frequently Asked Questions about Columbus Preparatory And Fitness Academy
Is Columbus Preparatory And Fitness Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Columbus Preparatory And Fitness Academy (EIN: 202756525) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Columbus Preparatory And Fitness Academy spend its money?
Columbus Preparatory And Fitness Academy directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Columbus Preparatory And Fitness Academy tax-deductible?
Columbus Preparatory And Fitness Academy is registered as a tax-exempt nonprofit (EIN: 202756525). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Columbus Preparatory And Fitness Academy's spending goes to programs?
Columbus Preparatory And Fitness Academy directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Columbus Preparatory And Fitness Academy compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Columbus Preparatory And Fitness Academy is above average for NTEE category B28 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Columbus Preparatory And Fitness Academy located?
Columbus Preparatory And Fitness Academy is headquartered in Columbus, Ohio and files with the IRS under EIN 202756525. It is classified under NTEE code B28.
How many years of IRS 990 filings does Columbus Preparatory And Fitness Academy have?
Columbus Preparatory And Fitness Academy has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $6.7M in total revenue.
Is Columbus Preparatory And Fitness Academy a good charity?
Based on the available IRS 990 data, Columbus Preparatory And Fitness Academy appears to be a financially responsible organization. It consistently spends all its revenue on its mission, and notably, reports 0% officer compensation, which is a strong indicator of efficient resource allocation and dedication to its programmatic goals.
Why are assets so low compared to revenue?
The organization consistently reports very low assets relative to its annual revenue (e.g., $158,486 in assets vs. $6,745,465 latest revenue). This suggests that the organization operates on a 'spend-as-you-go' model, utilizing nearly all incoming funds for current period expenses rather than accumulating significant reserves or capital.
What does 'Officer Comp=0%' mean for the organization?
The 'Officer Comp=0%' across all filings means that the organization's officers are not receiving salaries or compensation from the nonprofit's funds. This is a significant positive indicator for financial efficiency and suggests that leadership may be volunteer-based or compensated through other means not reflected in these filings, allowing more funds to be directed towards programs.
How has the organization's revenue trended over time?
The organization's revenue has shown significant growth, from $2,597,826 in 201506 to $6,745,465 in the latest period, with some fluctuations (e.g., a dip in 202106 to $2,043,009 before rebounding). This indicates a growing operational scale and ability to attract funding.
Filing History
IRS 990 filing history for Columbus Preparatory And Fitness Academy showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2015–2023), Columbus Preparatory And Fitness Academy's revenue has grown by 119.5%, moving from $2.6M to $5.7M. Total assets increased by 1469% over the same period, from $3K to $52K. Total functional expenses rose by 119.5%, from $2.6M to $5.7M. In its most recent filing year (2023), Columbus Preparatory And Fitness Academy reported a surplus of $0, with revenue exceeding expenses. The organization holds $52K in liabilities against $52K in assets (debt-to-asset ratio: 99.8%), resulting in net assets of $100.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.7M | $5.7M | $52K | $52K | — | — |
| 2021 | $2.0M | $2.0M | $42K | $41K | — | — |
| 2020 | $3.6M | $3.6M | $117K | $117K | — | View 990 |
| 2019 | $4.3M | $4.3M | $44K | $44K | — | — |
| 2017 | $3.2M | $3.2M | $63K | $63K | — | View 990 |
| 2016 | $2.8M | $2.8M | $162K | $162K | — | View 990 |
| 2015 | $2.6M | $2.6M | $3K | $3K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $5.7M, expenses of $5.7M, and assets of $52K (revenue +179.1% year-over-year).
- 2021: Revenue of $2.0M, expenses of $2.0M, and assets of $42K (revenue -43.8% year-over-year).
- 2020: Revenue of $3.6M, expenses of $3.6M, and assets of $117K (revenue -15.1% year-over-year).
- 2019: Revenue of $4.3M, expenses of $4.3M, and assets of $44K (revenue +34.9% year-over-year).
- 2017: Revenue of $3.2M, expenses of $3.2M, and assets of $63K (revenue +11.9% year-over-year).
- 2016: Revenue of $2.8M, expenses of $2.8M, and assets of $162K (revenue +9.3% year-over-year).
- 2015: Revenue of $2.6M, expenses of $2.6M, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Columbus Preparatory And Fitness Academy:
Data Sources and Methodology
This transparency report for Columbus Preparatory And Fitness Academy is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.