Urban Prep Academies
Urban Prep Academies faces significant financial challenges with declining revenue and consistent operating deficits.
EIN: 200138672 · Chicago, IL · NTEE: B20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.5M |
| Total Expenses | $9.2M |
| Program Spending | 70% |
| Net Assets | $-107,325 |
| Transparency Score | 55/100 |
Is Urban Prep Academies Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Urban Prep Academies directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Urban Prep Academies
Urban Prep Academies (EIN: 200138672) is a nonprofit organization based in Chicago, IL, classified under NTEE code B20. The organization reported total revenue of $6.5M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Urban Prep Academies's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Urban Prep Academies is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.3M |
| Total Expenses | $9.2M |
| Surplus / Deficit | $-907,613 |
| Total Assets | $2.3M |
| Total Liabilities | $2.4M |
| Net Assets | $-107,325 |
| Operating Margin | -11.0% |
| Debt-to-Asset Ratio | 104.6% |
| Months of Reserves | 3.0 months |
Financial Health Grade: C
In 2023, Urban Prep Academies reported a deficit of $908K with expenses exceeding revenue, holds 3.0 months of operating reserves (adequate), has a debt-to-asset ratio of 104.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Urban Prep Academies's revenue has declined at a compound annual growth rate (CAGR) of -2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.1% | -7.8% | -20.5% |
| 2022 | -15.8% | +11.8% | +141.4% |
| 2021 | +5.8% | -15.4% | +161.2% |
| 2020 | +10.4% | +5.4% | +28.1% |
| 2019 | +4.0% | -3.8% | -48.2% |
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 Urban Prep Academies with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Urban Prep Academies allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $908K, with expenses exceeding revenue.
- Debt-to-asset ratio: 104.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is a positive indicator of resource allocation directly to the mission rather than high salaries for leadership.
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 Urban Prep Academies's IRS 990 filings:
- Consistent operating deficits, with expenses exceeding revenue in most recent periods (e.g., $9.1M expenses vs. $8.2M revenue in 2023).
- Significant decline in revenue over the past decade, from $16.6M in 2014 to $8.2M in 2023.
- High liabilities relative to assets in several periods (e.g., 2023: $2.4M liabilities vs. $2.3M assets).
- Negative net assets in some periods (e.g., 2020: $464,013 assets vs. $1,990,028 liabilities).
Strengths
The following positive indicators were identified for Urban Prep Academies:
- Reported 0% officer compensation across all available filings, indicating efficient use of funds in this area.
- Long filing history (13 filings) suggests a commitment to transparency, even amidst financial challenges.
Frequently Asked Questions about Urban Prep Academies
Is Urban Prep Academies a legitimate charity?
Urban Prep Academies (EIN: 200138672) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 55/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.5M. 4 red flags identified. 2 strengths noted. Financial health grade: C.
How does Urban Prep Academies spend its money?
Urban Prep Academies directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Urban Prep Academies tax-deductible?
Urban Prep Academies is registered as a tax-exempt nonprofit (EIN: 200138672). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Urban Prep Academies's spending goes to programs?
Urban Prep Academies directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Urban Prep Academies compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Urban Prep Academies is near average for NTEE category B20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Urban Prep Academies located?
Urban Prep Academies is headquartered in Chicago, Illinois and files with the IRS under EIN 200138672. It is classified under NTEE code B20.
How many years of IRS 990 filings does Urban Prep Academies have?
Urban Prep Academies 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 $6.5M in total revenue.
Is Urban Prep Academies financially stable?
No, the organization shows signs of financial instability, with revenue declining from $16.6M in 2014 to $8.2M in 2023, and expenses frequently exceeding revenue, leading to consistent operating deficits.
What is the trend in Urban Prep Academies' assets and liabilities?
Assets have fluctuated significantly, from a high of $2.9M in 2022 to $2.3M in 2023, while liabilities have generally remained high, reaching $2.4M in 2023, often exceeding assets in recent years.
How has Urban Prep Academies' revenue changed over the past decade?
Revenue has seen a substantial decline, from $16,664,188 in 2014 to $8,277,718 in 2023, representing a decrease of over 50%.
Filing History
IRS 990 filing history for Urban Prep Academies showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Urban Prep Academies's revenue has declined by 26.8%, moving from $11.3M to $8.3M. Total assets increased by 47.7% over the same period, from $1.6M to $2.3M. Total functional expenses fell by 17.2%, from $11.1M to $9.2M. In its most recent filing year (2023), Urban Prep Academies reported a deficit of $908K, with expenses exceeding revenue. The organization holds $2.4M in liabilities against $2.3M in assets (debt-to-asset ratio: 104.6%), resulting in net assets of $-107,325.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.3M | $9.2M | $2.3M | $2.4M | — | View 990 |
| 2022 | $9.9M | $10.0M | $2.9M | $2.1M | — | View 990 |
| 2021 | $11.7M | $8.9M | $1.2M | $-43,408 | — | View 990 |
| 2020 | $11.1M | $10.5M | $464K | $2.0M | — | View 990 |
| 2019 | $10.0M | $10.0M | $362K | $2.4M | — | View 990 |
| 2018 | $9.6M | $10.4M | $699K | $2.8M | — | View 990 |
| 2017 | $11.8M | $12.1M | $697K | $2.1M | — | View 990 |
| 2016 | $14.0M | $16.0M | $849K | $2.0M | — | View 990 |
| 2015 | $16.3M | $16.8M | $2.2M | $1.3M | — | View 990 |
| 2014 | $16.7M | $16.5M | $2.0M | $649K | — | View 990 |
| 2013 | $14.7M | $14.7M | $1.9M | $695K | — | View 990 |
| 2012 | $13.0M | $12.7M | $1.9M | $763K | — | View 990 |
| 2011 | $11.3M | $11.1M | $1.6M | $702K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.3M, expenses of $9.2M, and assets of $2.3M (revenue -16.1% year-over-year).
- 2022: Revenue of $9.9M, expenses of $10.0M, and assets of $2.9M (revenue -15.8% year-over-year).
- 2021: Revenue of $11.7M, expenses of $8.9M, and assets of $1.2M (revenue +5.8% year-over-year).
- 2020: Revenue of $11.1M, expenses of $10.5M, and assets of $464K (revenue +10.4% year-over-year).
- 2019: Revenue of $10.0M, expenses of $10.0M, and assets of $362K (revenue +4.0% year-over-year).
- 2018: Revenue of $9.6M, expenses of $10.4M, and assets of $699K (revenue -18.0% year-over-year).
- 2017: Revenue of $11.8M, expenses of $12.1M, and assets of $697K (revenue -16.0% year-over-year).
- 2016: Revenue of $14.0M, expenses of $16.0M, and assets of $849K (revenue -13.8% year-over-year).
- 2015: Revenue of $16.3M, expenses of $16.8M, and assets of $2.2M (revenue -2.5% year-over-year).
- 2014: Revenue of $16.7M, expenses of $16.5M, and assets of $2.0M (revenue +13.4% year-over-year).
- 2013: Revenue of $14.7M, expenses of $14.7M, and assets of $1.9M (revenue +13.2% year-over-year).
- 2012: Revenue of $13.0M, expenses of $12.7M, and assets of $1.9M (revenue +14.7% year-over-year).
- 2011: Revenue of $11.3M, expenses of $11.1M, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Urban Prep Academies:
Data Sources and Methodology
This transparency report for Urban Prep Academies 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.