Democracy Prep Public Schools
Democracy Prep Public Schools shows consistent revenue growth and asset accumulation, with no reported officer compensation.
EIN: 202629354 · New York, NY · NTEE: A12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $26.0M |
| Total Expenses | $22.5M |
| Program Spending | 85% |
| Net Assets | $9.5M |
| Transparency Score | 85/100 |
Is Democracy Prep Public Schools Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Democracy Prep Public Schools directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Democracy Prep Public Schools
Democracy Prep Public Schools (EIN: 202629354) is a nonprofit organization based in New York, NY, classified under NTEE code A12. The organization reported total revenue of $26.0M and total assets of $58.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Democracy Prep Public Schools's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Democracy Prep Public Schools is a large nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 23.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $26.8M |
| Total Expenses | $22.5M |
| Surplus / Deficit | +$4.3M |
| Total Assets | $51.8M |
| Total Liabilities | $42.3M |
| Net Assets | $9.5M |
| Operating Margin | 16.0% |
| Debt-to-Asset Ratio | 81.6% |
| Months of Reserves | 27.7 months |
Financial Health Grade: A
In 2023, Democracy Prep Public Schools reported a surplus of $4.3M with revenue exceeding expenses, holds 27.7 months of operating reserves (strong position), has a debt-to-asset ratio of 81.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Democracy Prep Public Schools's revenue has grown at a compound annual growth rate (CAGR) of 23.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.1% | +5.2% | +164.9% |
| 2022 | -6.4% | +19.9% | +6.2% |
| 2021 | +13.2% | -1.3% | +20.6% |
| 2020 | -29.2% | -31.7% | +14.7% |
| 2019 | -0.4% | -10.3% | +22.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Democracy Prep Public Schools with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Democracy Prep Public Schools allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 81.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a volunteer-led executive team or compensation structured in a way not reported under 'officer compensation' on the 990 form.
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 Democracy Prep Public Schools's IRS 990 filings:
- Significant increase in liabilities to $42,266,529 in 2023, warranting further investigation into their nature.
Strengths
The following positive indicators were identified for Democracy Prep Public Schools:
- Consistent revenue growth over the past decade, from $8M in 2014 to over $26M in 2023.
- Strong asset accumulation, growing from $1.5M in 2014 to over $51M in 2023.
- Revenues consistently exceeding expenses in most recent years, indicating sound financial management.
- No reported officer compensation across all filings, suggesting efficient use of funds or volunteer leadership at the executive level.
Frequently Asked Questions about Democracy Prep Public Schools
Is Democracy Prep Public Schools a legitimate charity?
Democracy Prep Public Schools (EIN: 202629354) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $26.0M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Democracy Prep Public Schools spend its money?
Democracy Prep Public Schools directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Democracy Prep Public Schools tax-deductible?
Democracy Prep Public Schools is registered as a tax-exempt nonprofit (EIN: 202629354). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Democracy Prep Public Schools's spending goes to programs?
Democracy Prep Public Schools directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Democracy Prep Public Schools compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Democracy Prep Public Schools is above average for NTEE category A12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Democracy Prep Public Schools located?
Democracy Prep Public Schools is headquartered in New York, New York and files with the IRS under EIN 202629354. It is classified under NTEE code A12.
How many years of IRS 990 filings does Democracy Prep Public Schools have?
Democracy Prep Public Schools has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $26.0M in total revenue.
Is Democracy Prep Public Schools financially stable?
Yes, the organization appears financially stable, with revenues consistently exceeding expenses in recent years (e.g., $26,763,497 revenue vs. $22,474,670 expenses in 2023) and a significant increase in assets to $51,801,110 in 2023.
How has Democracy Prep Public Schools' asset base changed over time?
Democracy Prep Public Schools has shown substantial asset growth, increasing from $1,532,549 in 2014 to $51,801,110 in 2023, indicating strong financial accumulation.
What is the trend in revenue and expenses for Democracy Prep Public Schools?
Revenue has generally trended upwards, from $8,060,363 in 2014 to $26,763,497 in 2023. Expenses have also increased but have largely remained below revenue in recent years, contributing to positive net assets.
Does Democracy Prep Public Schools report executive compensation?
All available IRS 990 filings for Democracy Prep Public Schools report 0% for officer compensation, suggesting that executive compensation is either not paid or is structured differently and not reported in this category.
Filing History
IRS 990 filing history for Democracy Prep Public Schools showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Democracy Prep Public Schools's revenue has grown by 1186.7%, moving from $2.1M to $26.8M. Total assets increased by 5722.3% over the same period, from $890K to $51.8M. Total functional expenses rose by 1099.8%, from $1.9M to $22.5M. In its most recent filing year (2023), Democracy Prep Public Schools reported a surplus of $4.3M, with revenue exceeding expenses. The organization holds $42.3M in liabilities against $51.8M in assets (debt-to-asset ratio: 81.6%), resulting in net assets of $9.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $26.8M | $22.5M | $51.8M | $42.3M | — | — |
| 2022 | $21.1M | $21.4M | $19.6M | $14.3M | — | View 990 |
| 2021 | $22.5M | $17.8M | $18.4M | $12.9M | — | — |
| 2020 | $19.9M | $18.1M | $15.3M | $14.4M | — | — |
| 2019 | $28.1M | $26.5M | $13.3M | $14.2M | — | View 990 |
| 2018 | $28.2M | $29.5M | $10.8M | $12.5M | — | View 990 |
| 2017 | $14.9M | $14.5M | $6.0M | $6.4M | — | View 990 |
| 2016 | $12.2M | $13.4M | $1.8M | $2.6M | — | View 990 |
| 2015 | $14.0M | $13.4M | $1.8M | $1.3M | — | View 990 |
| 2014 | $8.1M | $8.4M | $1.5M | $1.4M | — | View 990 |
| 2013 | $4.8M | $5.1M | $1.0M | $543K | — | View 990 |
| 2012 | $3.0M | $2.9M | $878K | $165K | — | View 990 |
| 2011 | $2.1M | $1.9M | $890K | $345K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $26.8M, expenses of $22.5M, and assets of $51.8M (revenue +27.1% year-over-year).
- 2022: Revenue of $21.1M, expenses of $21.4M, and assets of $19.6M (revenue -6.4% year-over-year).
- 2021: Revenue of $22.5M, expenses of $17.8M, and assets of $18.4M (revenue +13.2% year-over-year).
- 2020: Revenue of $19.9M, expenses of $18.1M, and assets of $15.3M (revenue -29.2% year-over-year).
- 2019: Revenue of $28.1M, expenses of $26.5M, and assets of $13.3M (revenue -0.4% year-over-year).
- 2018: Revenue of $28.2M, expenses of $29.5M, and assets of $10.8M (revenue +89.6% year-over-year).
- 2017: Revenue of $14.9M, expenses of $14.5M, and assets of $6.0M (revenue +22.0% year-over-year).
- 2016: Revenue of $12.2M, expenses of $13.4M, and assets of $1.8M (revenue -13.2% year-over-year).
- 2015: Revenue of $14.0M, expenses of $13.4M, and assets of $1.8M (revenue +74.2% year-over-year).
- 2014: Revenue of $8.1M, expenses of $8.4M, and assets of $1.5M (revenue +66.6% year-over-year).
- 2013: Revenue of $4.8M, expenses of $5.1M, and assets of $1.0M (revenue +61.8% year-over-year).
- 2012: Revenue of $3.0M, expenses of $2.9M, and assets of $878K (revenue +43.7% year-over-year).
- 2011: Revenue of $2.1M, expenses of $1.9M, and assets of $890K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Democracy Prep Public Schools:
Data Sources and Methodology
This transparency report for Democracy Prep Public Schools 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.