Lead Public Schools Inc
Lead Public Schools Inc. shows strong financial growth and zero reported officer compensation over the past decade.
EIN: 202526508 · Brentwood, TN · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $56.6M |
| Total Expenses | $44.6M |
| Program Spending | 90% |
| Net Assets | $31.4M |
| Transparency Score | 95/100 |
Is Lead Public Schools Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lead Public Schools Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lead Public Schools Inc
Lead Public Schools Inc (EIN: 202526508) is a nonprofit organization based in Brentwood, TN, classified under NTEE code B29. The organization reported total revenue of $56.6M and total assets of $43.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lead Public Schools Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lead Public Schools Inc is a major 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 22.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $48.9M |
| Total Expenses | $44.6M |
| Surplus / Deficit | +$4.3M |
| Total Assets | $39.0M |
| Total Liabilities | $7.6M |
| Net Assets | $31.4M |
| Operating Margin | 8.7% |
| Debt-to-Asset Ratio | 19.5% |
| Months of Reserves | 10.5 months |
Financial Health Grade: A
In 2023, Lead Public Schools Inc reported a surplus of $4.3M with revenue exceeding expenses, holds 10.5 months of operating reserves (strong position), has a debt-to-asset ratio of 19.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lead Public Schools Inc's revenue has grown at a compound annual growth rate (CAGR) of 22.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.4% | +9.1% | +12.3% |
| 2022 | +22.1% | +18.3% | +44.5% |
| 2021 | +26.5% | +3.3% | +64.4% |
| 2020 | +6.7% | +8.2% | -4.4% |
| 2019 | +11.1% | +6.9% | +9.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 Lead Public Schools Inc with a Mission Score of 95 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Lead Public Schools Inc 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 (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: 19.5%.
Executive Compensation Analysis
Lead Public Schools Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual and suggests a strong commitment to directing funds to its programs.
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 Lead Public Schools Inc's IRS 990 filings:
- Unusually low or 0% reported officer compensation, which may obscure how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Lead Public Schools Inc:
- Consistent and significant revenue growth, from $15.5M in 2014 to $48.8M in 2023.
- Strong asset growth, increasing from $8.3M in 2014 to $39M in 2023, indicating financial stability.
- Positive net asset growth, with assets consistently exceeding liabilities, demonstrating a healthy balance sheet.
- Zero reported officer compensation across all filings, suggesting a high dedication of funds to mission-related activities.
Frequently Asked Questions about Lead Public Schools Inc
Is Lead Public Schools Inc a legitimate charity?
Lead Public Schools Inc (EIN: 202526508) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $56.6M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Lead Public Schools Inc spend its money?
Lead Public Schools Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Lead Public Schools Inc tax-deductible?
Lead Public Schools Inc is registered as a tax-exempt nonprofit (EIN: 202526508). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lead Public Schools Inc's spending goes to programs?
Lead Public Schools Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lead Public Schools Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Lead Public Schools Inc is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lead Public Schools Inc located?
Lead Public Schools Inc is headquartered in Brentwood, Tennessee and files with the IRS under EIN 202526508. It is classified under NTEE code B29.
How many years of IRS 990 filings does Lead Public Schools Inc have?
Lead Public Schools Inc 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 $56.6M in total revenue.
How does Lead Public Schools Inc. manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this size. It suggests that executive leadership may be compensated through other means not classified as 'officer compensation' on the 990, or that leadership roles are filled by volunteers or individuals compensated by a related entity. Further investigation into their operational structure would be necessary to understand this.
What is the primary source of Lead Public Schools Inc.'s revenue?
While the provided data shows total revenue, it does not specify the breakdown of revenue sources (e.g., government grants, donations, program service fees). Given its NTEE code (B29 - Elementary & Secondary Education), it is highly probable that a significant portion comes from public funding or grants related to charter school operations.
What is the long-term sustainability of Lead Public Schools Inc. given its financial trends?
The organization demonstrates strong financial sustainability, with consistent revenue growth from $15.5 million in 2014 to $48.8 million in 2023, and a healthy increase in net assets from $4.7 million to $31.4 million over the same period. This trend indicates effective financial management and a growing capacity to support its mission.
Filing History
IRS 990 filing history for Lead Public Schools Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lead Public Schools Inc's revenue has grown by 1081.1%, moving from $4.1M to $48.9M. Total assets increased by 4714.9% over the same period, from $810K to $39.0M. Total functional expenses rose by 946.1%, from $4.3M to $44.6M. In its most recent filing year (2023), Lead Public Schools Inc reported a surplus of $4.3M, with revenue exceeding expenses. The organization holds $7.6M in liabilities against $39.0M in assets (debt-to-asset ratio: 19.5%), resulting in net assets of $31.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $48.9M | $44.6M | $39.0M | $7.6M | — | — |
| 2022 | $52.2M | $40.9M | $34.7M | $7.6M | — | View 990 |
| 2021 | $42.7M | $34.5M | $24.0M | $8.2M | — | View 990 |
| 2020 | $33.8M | $33.4M | $14.6M | $7.0M | — | View 990 |
| 2019 | $31.7M | $30.9M | $15.3M | $8.0M | — | View 990 |
| 2018 | $28.5M | $28.9M | $13.9M | $7.4M | — | View 990 |
| 2017 | $24.5M | $22.5M | $12.2M | $5.3M | — | View 990 |
| 2016 | $21.7M | $22.2M | $10.4M | $5.5M | — | View 990 |
| 2015 | $19.1M | $18.5M | $9.4M | $4.1M | — | View 990 |
| 2014 | $15.5M | $14.4M | $8.3M | $3.6M | — | View 990 |
| 2013 | $12.2M | $10.0M | $4.7M | $1.1M | — | View 990 |
| 2012 | $7.9M | $7.0M | $2.3M | $958K | — | View 990 |
| 2011 | $4.1M | $4.3M | $810K | $395K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $48.9M, expenses of $44.6M, and assets of $39.0M (revenue -6.4% year-over-year).
- 2022: Revenue of $52.2M, expenses of $40.9M, and assets of $34.7M (revenue +22.1% year-over-year).
- 2021: Revenue of $42.7M, expenses of $34.5M, and assets of $24.0M (revenue +26.5% year-over-year).
- 2020: Revenue of $33.8M, expenses of $33.4M, and assets of $14.6M (revenue +6.7% year-over-year).
- 2019: Revenue of $31.7M, expenses of $30.9M, and assets of $15.3M (revenue +11.1% year-over-year).
- 2018: Revenue of $28.5M, expenses of $28.9M, and assets of $13.9M (revenue +16.2% year-over-year).
- 2017: Revenue of $24.5M, expenses of $22.5M, and assets of $12.2M (revenue +13.1% year-over-year).
- 2016: Revenue of $21.7M, expenses of $22.2M, and assets of $10.4M (revenue +13.5% year-over-year).
- 2015: Revenue of $19.1M, expenses of $18.5M, and assets of $9.4M (revenue +23.1% year-over-year).
- 2014: Revenue of $15.5M, expenses of $14.4M, and assets of $8.3M (revenue +27.1% year-over-year).
- 2013: Revenue of $12.2M, expenses of $10.0M, and assets of $4.7M (revenue +53.9% year-over-year).
- 2012: Revenue of $7.9M, expenses of $7.0M, and assets of $2.3M (revenue +92.1% year-over-year).
- 2011: Revenue of $4.1M, expenses of $4.3M, and assets of $810K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lead Public Schools Inc:
Data Sources and Methodology
This transparency report for Lead Public Schools Inc 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.