City Arts And Prep Public Charter School
City Arts And Prep Public Charter School reports a $1.6M deficit in its latest filing, with assets declining significantly.
EIN: 200808358 · Washington, DC · NTEE: B29 · Updated: 2026-03-28
Is City Arts And Prep Public Charter School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
City Arts And Prep Public Charter School directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About City Arts And Prep Public Charter School
City Arts And Prep Public Charter School (EIN: 200808358) is a nonprofit organization based in Washington, DC, classified under NTEE code B29. The organization reported total revenue of $8.8M and total assets of $901K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of City Arts And Prep Public Charter School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
City Arts And Prep Public Charter School is a mid-size nonprofit that has been operating for 22 years, with 9 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of -2.8%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.8M |
| Total Expenses | $10.5M |
| Surplus / Deficit | $-1,667,228 |
| Total Assets | $901K |
| Total Liabilities | $544K |
| Net Assets | $357K |
| Operating Margin | -19.0% |
| Debt-to-Asset Ratio | 60.4% |
| Months of Reserves | 1.0 months |
Financial Health Grade: D
In 2019, City Arts And Prep Public Charter School reported a deficit of $1.7M with expenses exceeding revenue, holds 1.0 months of operating reserves (limited), has a debt-to-asset ratio of 60.4% (high leverage).
Financial Trends
Over 9 years of filings (2011–2019), City Arts And Prep Public Charter School's revenue has declined at a compound annual growth rate (CAGR) of -2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -9.2% | +9.1% | -73.8% |
| 2018 | +2.9% | +6.4% | -0.8% |
| 2017 | +10.0% | +6.5% | -3.8% |
| 2016 | +4.2% | +11.6% | -6.3% |
| 2015 | +6.4% | +11.1% | -7.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates City Arts And Prep Public Charter School with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, City Arts And Prep Public Charter School allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 60.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, directors, or trustees, which is highly unusual for an organization of this size with annual revenues consistently in the multi-million dollar range.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of City Arts And Prep Public Charter School's IRS 990 filings:
- Significant deficit in the latest reporting period ($1,667,228 in 201906).
- Sharp decline in total assets from $3,442,377 in 201806 to $901,278 in 201906.
- Consistent reporting of 0% officer compensation for an organization of this size, which may obscure actual leadership costs or indicate reliance on external support.
- Liabilities ($544,279 in 201906) represent a substantial portion of remaining assets ($901,278).
Strengths
The following positive indicators were identified for City Arts And Prep Public Charter School:
- Historically strong program focus, as indicated by the nature of a public charter school.
- Consistent revenue generation in the multi-million dollar range over a long period.
- No reported officer compensation, suggesting a commitment to directing funds to the mission or efficient use of volunteer leadership.
Frequently Asked Questions about City Arts And Prep Public Charter School
Is City Arts And Prep Public Charter School a legitimate charity?
Based on AI analysis of IRS 990 filings, City Arts And Prep Public Charter School (EIN: 200808358) some concerns. Mission Score: 75/100. 4 red flags identified, 3 strengths noted.
How does City Arts And Prep Public Charter School spend its money?
City Arts And Prep Public Charter School directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to City Arts And Prep Public Charter School tax-deductible?
City Arts And Prep Public Charter School is registered as a tax-exempt nonprofit (EIN: 200808358). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is City Arts And Prep Public Charter School financially stable given the recent deficit?
The latest filing (201906) shows expenses ($10,457,615) exceeding revenue ($8,790,387) by over $1.6 million, and assets have significantly decreased from $4,162,691 in 201406 to $901,278 in 201906. This recent trend suggests potential financial instability that warrants further investigation.
Why are assets declining so sharply?
Assets have decreased from $3,442,377 in 201806 to $901,278 in 201906, a substantial drop. Without more detailed financial statements, it's unclear if this is due to asset sales, depreciation, or other factors, but it's a significant financial change.
How does the organization manage without officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with multi-million dollar revenues. This could indicate that leadership roles are filled by volunteers, compensated through a related entity, or that compensation is reported under other expense categories, which would impact transparency.
What is the long-term trend of the organization's financial health?
While the organization generally operated with revenues exceeding expenses in earlier periods (e.g., 201506 revenue $8.2M vs expenses $7.5M), the most recent filing shows a significant deficit. The overall trend indicates a shift from positive operating margins to a recent deficit, coupled with declining assets.
Filing History
IRS 990 filing history for City Arts And Prep Public Charter School showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2019), City Arts And Prep Public Charter School's revenue has declined by 20.4%, moving from $11.0M to $8.8M. Total assets decreased by 71.4% over the same period, from $3.1M to $901K. Total functional expenses rose by 3.8%, from $10.1M to $10.5M. In its most recent filing year (2019), City Arts And Prep Public Charter School reported a deficit of $1.7M, with expenses exceeding revenue. The organization holds $544K in liabilities against $901K in assets (debt-to-asset ratio: 60.4%), resulting in net assets of $357K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $8.8M | $10.5M | $901K | $544K | — | View 990 |
| 2018 | $9.7M | $9.6M | $3.4M | $1.4M | — | View 990 |
| 2017 | $9.4M | $9.0M | $3.5M | $1.5M | — | View 990 |
| 2016 | $8.5M | $8.5M | $3.6M | $2.1M | — | View 990 |
| 2015 | $8.2M | $7.6M | $3.8M | $2.4M | — | View 990 |
| 2014 | $7.7M | $6.8M | $4.2M | $3.3M | — | View 990 |
| 2013 | $7.5M | $6.7M | $3.5M | $3.6M | — | View 990 |
| 2012 | $7.2M | $7.2M | $2.8M | $3.7M | — | View 990 |
| 2011 | $11.0M | $10.1M | $3.1M | $4.1M | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $8.8M, expenses of $10.5M, and assets of $901K (revenue -9.2% year-over-year).
- 2018: Revenue of $9.7M, expenses of $9.6M, and assets of $3.4M (revenue +2.9% year-over-year).
- 2017: Revenue of $9.4M, expenses of $9.0M, and assets of $3.5M (revenue +10.0% year-over-year).
- 2016: Revenue of $8.5M, expenses of $8.5M, and assets of $3.6M (revenue +4.2% year-over-year).
- 2015: Revenue of $8.2M, expenses of $7.6M, and assets of $3.8M (revenue +6.4% year-over-year).
- 2014: Revenue of $7.7M, expenses of $6.8M, and assets of $4.2M (revenue +2.2% year-over-year).
- 2013: Revenue of $7.5M, expenses of $6.7M, and assets of $3.5M (revenue +4.5% year-over-year).
- 2012: Revenue of $7.2M, expenses of $7.2M, and assets of $2.8M (revenue -34.7% year-over-year).
- 2011: Revenue of $11.0M, expenses of $10.1M, and assets of $3.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for City Arts And Prep Public Charter School:
Data Sources and Methodology
This transparency report for City Arts And Prep Public Charter School is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.