Quick charity verification for Prep For Prep (EIN: 132613383)
Verdict: Prep For Prep appears trustworthy
85/100Mission Score
$11.8MRevenue
$63.0MAssets
2Red Flags
3Strengths
Red Flags
Consistent 0% officer compensation reported on 990s, which is unusual for an organization with over $15 million in annual expenses and may indicate a reporting nuance or lack of transparency in this specific area.
Operating deficit in the most recent filing period (202406), with expenses exceeding revenue by over $1 million.
Long history of IRS 990 filings (13 filings), indicating consistent compliance and transparency in reporting.
Significant revenue generation, with several years exceeding $15 million, demonstrating strong fundraising capabilities.
Spending Breakdown
How Prep For Prep allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Prep For Prep
Is Prep For Prep a legitimate charity?
Based on AI analysis of IRS 990 filings, Prep For Prep (EIN: 132613383) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Prep For Prep a good charity to donate to?
Prep For Prep has a Mission Score of 85/100. Revenue: $11.8M. Assets: $63.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Prep For Prep?
The Employer Identification Number (EIN) for Prep For Prep is 132613383. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Prep For Prep spend its money?
Prep For Prep allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Prep For Prep's tax-exempt status?
You can verify Prep For Prep's tax-exempt status using EIN 132613383 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Prep For Prep demonstrates a generally stable financial position with substantial assets, reaching $63,219,416 in the 202406 period. The organization has experienced fluctuations in revenue and expenses over the past decade, with revenue ranging from $7.9 million to $17.9 million and expenses from $10.3 million to $15.4 million. While the organization reported a deficit in the most recent period (202406) with expenses exceeding revenue by over $1 million, it has also shown periods of significant surplus, such as in 202306 where revenue exceeded expenses by $1.6 million. The consistent reporting of 0% officer compensation across all filings indicates a high level of transparency regarding executive pay, suggesting that compensation for key employees is not reported in this section or is not a significant portion of overall expenses. The organization's NTEE code B110 (Elementary & Secondary Education) aligns with its mission, and its substantial asset base provides a strong foundation for long-term sustainability.