Democracy Prep Public Schools

Analysis

Democracy Prep Public Schools is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Democracy Prep Public Schools reported income of $26.8m and spending of $22.5m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $28.1m to $26.8m (-4.7%), an average of -1.2% a year. The sharpest change came in the year to June 2020, when income dropped by 29%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Democracy Prep Public 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 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Marine Resources Development Foundation ($26.7m), The Society for the Promotion of Japanese Animation ($26.8m) and Historic Haymarket Milwaukee I Inc ($26.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.4% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $2.4m (11% of expenses). Other salaries and wages came to $8.9m. At year end it held assets of $51.8m against liabilities of $42.3m, net assets of $9.5m. It reported 197 employees.