Prospect Schools
Prospect Schools reported $12.0 million in revenue and $11.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $84.21 went to program services, $11.69 to management and general costs and $4.10 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 85.8% of the total. The highest compensation it reported for one person was $356,733 (CHIEF EXECUTIVE OFFICER). 27 people received more than $100,000 in reportable compensation. Revenue rose 71% 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 $11MFor 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 $12MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 84.2% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.7% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 4.1% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.27 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 14.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 5.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 85.8% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $356,733 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 3.22% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 27 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 2.4 | 13.3 |
| Independent voting board members Part VI 1a–1b | 5 of 5 | 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 expenseProspect Schools, inc. Was formed on june 4, 2007 under the laws of new york. The organization provides comprehensive management services and raises funds to support brooklyn prospect charter school, an educational corporation that operates three charter schools in the borough of brooklyn, ny
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 |
|---|---|---|---|---|
| CHIEF EXECUTIVE OFFICER Officer, 50.00 hrs/week | $329,706 | $0 | $27,027 | $356,733 |
| CHIEF FINANCIAL OFFICER Officer, 50.00 hrs/week | $242,034 | $0 | $51,962 | $293,996 |
| CHIEF OPERATING OFFICER Officer, 50.00 hrs/week | $209,969 | $0 | $66,969 | $276,938 |
| CHIEF OF STAFF Officer, 50.00 hrs/week | $199,616 | $0 | $62,296 | $261,912 |
| DEPUTY CHIEF OF SCHOOLS Highest compensated employee, 40.00 hrs/week | $170,498 | $0 | $64,071 | $234,569 |
| CHIEF ACADEMIC OFFICER Officer, 50.00 hrs/week | $209,969 | $0 | $18,655 | $228,624 |
| DEPUTY CHIEF OF SCHOOLS Highest compensated employee, 40.00 hrs/week | $190,897 | $0 | $21,409 | $212,306 |
| DEPUTY CHIEF OF SCHOOLS Highest compensated employee, 40.00 hrs/week | $157,651 | $0 | $26,028 | $183,679 |
27 people received more than $100,000 in reportable compensation from Prospect Schools (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.3M (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–1b5 · 5 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 11aNo
- 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 561
- Volunteers Part I, line 625
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses onlyIndividuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.
Private foundation grants it received
7 private foundations reported grants to Prospect Schools totaling $970K 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 Prospect 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 Prospect Schools, you can publish a response that is linked from this page.
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Of every $100 Prospect Schools spent in FY2025, $84.21 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Pelican Educational FoundationBaton Rouge, LA · revenue $12M · programs 68.9% · FY2025
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- Legacy Traditional School - GilbertChandler, AZ · revenue $12M · programs 80.0% · FY2025
- Legacy Preparatory AcademyWoods Cross, UT · revenue $12M · programs 70.1% · FY2025
- The Vista SchoolHershey, PA · revenue $12M · programs 88.3% · FY2025
Questions people ask
How much of Prospect Schools's spending goes to programs?
In the fiscal year ending June 30, 2025, Prospect Schools reported that 84.2% of its $11.1 million in expenses went to program services, 11.7% to management and general and 4.1% to fundraising (Form 990, Part IX).
How much does Prospect Schools pay its top executive?
The largest total compensation Prospect Schools reported for one person in the fiscal year ending June 30, 2025 was $356,733, for the role of CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Prospect Schools get its money?
Of $12.0 million in revenue in the fiscal year ending June 30, 2025, 14.0% came from contributions and grants (including 5.0% from government grants) and 85.8% from program service revenue (Form 990, Part VIII).
Is Prospect Schools a registered charity?
The IRS lists EIN 33-1174065 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 202601369349300900 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511359349317436 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431379349300103 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331359349318648 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221369349317592 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131379349306153 · read the filing
All filings for EIN 33-1174065: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.