University Prep Public Charter Schools

Analysis

University Prep Public Charter Schools is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in July 2010, 16 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, University Prep Public Charter Schools reported income of $20.5m and spending of $19.4m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.7m to $20.5m (+165%), an average of +28% a year. The sharpest change came in the year to June 2020, when income rose by 53%. 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, University Prep Public Charter Schools sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Gompers Preparatory Academy ($20.5m), Lancaster Country Day School ($20.5m) and Legacy21 Inc ($20.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $356k (1.8% of expenses). Other salaries and wages came to $10.8m. At year end it held assets of $10.5m against liabilities of $2.4m, net assets of $8.1m. It reported 113 employees.