Prep Public Schools
Prep Public Schools reported $13.5 million in revenue and $13.3 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $60.68 went to program services, $39.12 to management and general costs and $0.20 to fundraising. Its largest source of revenue was contributions and grants: 87.1% of the total. Government grants made up 68.7%. The highest compensation it reported for one person was $68,182 (CEO). Revenue rose 345% 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 $13MFor 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 $13MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 60.7% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 39.1% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.2% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 87.1% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 68.7% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 4.1% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $68,182 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.51% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 0 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 2.2 | 13.3 |
| Independent voting board members Part VI 1a–1b | 13 of 13 | 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 primary service accimplishment is providing quality education to the community's most vulnerable populations. The comprehensive,college preparatory curriculum is centered around themes of innovation and leadership development, which are infused across rigorous coursework in literacy and communication, science, technology, engineering, mathematics, the arts, and social/cultural studies. The curriculum has been carefully and intentionally designed to ameliorate specific barriers that negatively impact student achievement among boys and young men experiencing poverty within hamilton county
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here0 people received more than $100,000 in reportable compensation from Prep Public Schools (Part VII, line 2).
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–1b13 · 13 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14No
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- 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 5129
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| LAVINIA GROUP LLC Education | $268,096 |
| CHATTANOOGA BUS COMPANY Transportation | $247,625 |
| IMPACT FACILITY SOLUTIONS LLC Commercial cleaning | $195,366 |
Individuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.
Private foundation grants it received
4 private foundations reported grants to Prep Public Schools totaling $733K 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 Prep 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 Prep Public Schools, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Prep Public Schools spent in FY2025, $60.68 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Illinois High School AssociationBloomington, IL · revenue $13M · programs 63.0% · FY2025
- Palm Beach State College FdnWest Palm Beach, FL · revenue $13M · programs 94.2% · 2024
- Next Generation EducationAnaheim, CA · revenue $13M · programs 82.6% · FY2025
- Discovery Charter SchoolPhiladelphia, PA · revenue $13M · programs 74.7% · FY2025
- Twin Peaks Charter AcademyLongmont, CO · revenue $13M · programs 54.0% · FY2025
Questions people ask
How much of Prep Public Schools's spending goes to programs?
In the fiscal year ending June 30, 2025, Prep Public Schools reported that 60.7% of its $13.3 million in expenses went to program services, 39.1% to management and general and 0.2% to fundraising (Form 990, Part IX).
How much does Prep Public Schools pay its top executive?
The largest total compensation Prep Public Schools reported for one person in the fiscal year ending June 30, 2025 was $68,182, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Prep Public Schools get its money?
Of $13.5 million in revenue in the fiscal year ending June 30, 2025, 87.1% came from contributions and grants (including 68.7% from government grants) and 4.1% from program service revenue (Form 990, Part VIII).
Is Prep Public Schools a registered charity?
The IRS lists EIN 81-3512812 as a 501(c)(3) organization (school), 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 202631359349305958 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531379349300713 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202430609349300403 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202340459349300004 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202220289349301022 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202100489349301315 · read the filing
All filings for EIN 81-3512812: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.