Public Prep Charter School Academies

Analysis

Public Prep Charter School Academies is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in April 2005, 21 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, Public Prep Charter School Academies reported income of $53.2m and spending of $53.7m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $40.4m to $53.2m (+32%), an average of +7.1% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Public Prep Charter School Academies sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Colorado Academy ($53.2m), California University of Science and Medicine ($53.2m) and Kyiv School of Economics ($52.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $203k (0.4% of expenses). Other salaries and wages came to $25.9m. At year end it held assets of $120.8m against liabilities of $96.6m, net assets of $24.2m. It reported 564 employees.