Public Preparatory Network Inc

Analysis

Public Preparatory Network Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Public Preparatory Network Inc reported income of $5.7m and spending of $7.2m, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.8m to $5.7m (-1.7%), an average of -0.4% a year. The sharpest change came in the year to June 2020, when income rose by 19%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Public Preparatory Network Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Mount Vernon Christian School ($5.7m), Timothy L Johnson Academy ($5.7m) and Learning Center Foundation of Central Cobb Inc ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10.0% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $1.6m (22% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $336k against liabilities of $824k, net assets of -$489k. It reported 53 employees.