Urban Prep Academies

Analysis

Urban Prep Academies is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2004, 22 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, Urban Prep Academies reported income of $8.3m and spending of $9.2m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.0m to $8.3m (-17%), an average of -4.7% a year. The sharpest change came in the year to June 2023, when income dropped by 16%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Urban Prep Academies sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Bradford-Tioga Head Start Inc ($8.3m), Mackintosh Academy ($8.3m) and Replications Inc ($8.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.4% of the total. Other salaries and wages came to $5.1m. At year end it held assets of $2.3m against liabilities of $2.4m, net assets of -$107k. It reported 158 employees.