The Fund for Public Schools
The Fund for Public Schools reported $60.1 million in revenue and $34.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $95.03 went to program services, $2.19 to management and general costs and $2.78 to fundraising. Its largest source of revenue was contributions and grants: 91.2% of the total. The highest compensation it reported for one person was $245,245 (CEO). 3 people received more than $100,000 in reportable compensation. Revenue rose 32% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $35MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $60MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 95.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 2.2% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.8% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.02 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 91.2% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $245,245 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.70% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 3 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 25.9 | 13.3 |
| Independent voting board members Part VI 1a–1b | 7 of 7 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe fund for Public Schools facilitates partnerships, grants, and other support between the philanthropic community and the nyc department of education to pilot innovative projects; accelerate promising, outcome-driven initiatives; and respond quickly and strategically to emerging needs across the nyc public school system
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO Officer, 35.00 hrs/week | $215,000 | $0 | $30,245 | $245,245 |
| CFO UNTIL 4/18/2025 Officer, 35.00 hrs/week | $197,160 | $0 | $22,494 | $219,654 |
| CHIEF OF STAFF Officer, 35.00 hrs/week | $149,152 | $0 | $7,818 | $156,970 |
3 people received more than $100,000 in reportable compensation from The Fund for Public Schools (Part VII, line 2). Compensation of current officers, directors and key employees totaled $798K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b7 · 7 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 58
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| EDUCATION STRATEGY GROUP LLC Consulting services | $1,173,762 |
| KITAMBA MGT LLC Consulting services | $300,000 |
| EDUCATION FIRST CONSULTING LLC Consulting services | $250,350 |
| SKDKNICKERBOCKER LLC Consulting services | $250,000 |
| MICHELINA DESIGNS LLC Consulting services | $166,068 |
Individuals listed as contractors are left out. 18 contractors were paid more than $100,000 in all.
Private foundation grants it received
34 private foundations reported grants to The Fund for Public Schools totaling $21M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Fund for Public Schools's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Fund for Public Schools, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 The Fund for Public Schools spent in FY2025, $95.03 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Distinctive Schools of IllinoisChicago, IL · revenue $60M · programs 98.4% · FY2025
- Pinkerton AcademyDerry, NH · revenue $60M · programs 91.7% · FY2025
- East Texas Baptist UniversityMarshall, TX · revenue $60M · programs 86.5% · FY2025
- Mary Baldwin UniversityStaunton, VA · revenue $60M · programs 83.8% · FY2025
- William Penn Charter SchoolPhiladelphia, PA · revenue $60M · programs 73.1% · FY2025
Questions people ask
How much of The Fund for Public Schools's spending goes to programs?
In the fiscal year ending June 30, 2025, The Fund for Public Schools reported that 95.0% of its $34.9 million in expenses went to program services, 2.2% to management and general and 2.8% to fundraising (Form 990, Part IX).
How much does The Fund for Public Schools pay its top executive?
The largest total compensation The Fund for Public Schools reported for one person in the fiscal year ending June 30, 2025 was $245,245, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Fund for Public Schools get its money?
Of $60.1 million in revenue in the fiscal year ending June 30, 2025, 91.2% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is The Fund for Public Schools a registered charity?
The IRS lists EIN 11-2656137 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202641359349308024 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501349349312120 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023 (amended), object 202521959349300932 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301339349300645 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202113199349315696 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202100419349301000 · read the filing
All filings for EIN 11-2656137: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.