Prep Public Schools

Analysis

Prep Public Schools is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in August 2017, 9 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, Prep Public Schools reported income of $6.7m and spending of $7.3m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $6.7m (+194%), an average of +31% a year. The sharpest change came in the year to June 2022, when income rose by 69%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Prep Public Schools sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within TN. Charities of a similar size with the same main cause include Young Scholars of Greater Allegheny Charter School ($6.7m), Marianne Frostig Center of Educational Therapy ($6.7m) and Puritan Reformed Theological Seminary ($6.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $145k (2.0% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $3.0m against liabilities of $359k, net assets of $2.7m. It reported 81 employees.