Democracy Prep New York Charter Schools

Analysis

Democracy Prep New York Charter Schools is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in November 2000, 26 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, Democracy Prep New York Charter Schools reported income of $105.6m and spending of $105.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $62.1m to $105.6m (+70%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 30%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Democracy Prep New York Charter Schools sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Centre College of Kentucky ($105.1m), Auburn University Foundation ($105.9m) and Bju Inc ($104.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $371k (0.4% of expenses). Other salaries and wages came to $48.7m. At year end it held assets of $204.5m against liabilities of $145.8m, net assets of $58.7m. It reported 856 employees.