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    Prep for Prep

    Prep for Prep

     

    ...Is this your nonprofit?

    ...501(c)(3) organization

    ...Donations are tax-deductible

    ...http://www.prepforprep.org

    ...328 W 71ST ST
    New York NY 10023-3502

    212-579-1390


    New York NY | IRS ruling year: 1968 | EIN: 13-2613383  

     

    Prep for Prep develops leaders through access to superior education and life-changing opportunities. Since 1978, Prep has identified New York City's most promising students of color and prepared them for placement at independent schools in the city and boarding schools throughout the Northeast. Once placed, Prep offers support and opportunities to ensure the academic accomplishment and personal growth of each one of our students.

    More than 4,500 members of the Prep Community, who are rapidly assuming leadership positions in a wide variety of endeavors, are living proof that the potential for academic and professional success exists in all ethnic groups and socioeconomic classes. Our students, who come from modest backgrounds, succeed at the best independent schools in New York City, the top boarding schools in the country, and the most prestigious colleges and universities in the world.

     


    Rating Information

    Great


    This charity's score is 93%, earning it a Four-Star rating. If this organization aligns with your passions and values, you can give with confidence.


    This overall score is calculated entirely from a single beacon score: 100% Accountability & Finance. Learn more about our criteria and methodology.

    Beacon Weights
    Historical Ratings

    Rating Report

    • Impact & Results
    • Accountability & Finance
    • Culture & Community
    • Leadership & Adaptability
    Accountability & Finance
    Impact & ResultsAccountability & FinanceCulture & CommunityLeadership & Adaptability

     

    Accountability & Finance

     

    Prep for Prep has earned a 93% for the Accountability & Finance beacon. See the metrics below for more information.

    This beacon provides an assessment of a charity's financial health (financial efficiency, sustainability, and trustworthiness) and its commitment to governance practices and policies.

    This Accountability & Finance score represents IRS Form 990 data up until FY 2020, which is the most recent Form 990 currently available to us. 

    Learn more

     

    Accountability and Transparency
    ...Full Credit
      
    ...Partial Credit
      
    ...No Credit
      
    ...Not Applicable
    Governance
    Policies
    Transparency

    Financial Metrics
    ...Full Credit
      
    ...Partial Credit
      
    ...No Credit
      
    ...Not Applicable
    ...Liabilities to Assets Ratio - 2.80% - 10/10 pts
    ...Working Capital Ratio - 4.28 years - 10/10 pts
    ...Fundraising Efficiency - $0.06 - 10/10 pts
    ...Administrative Expense Ratio - 13.50% - 10/10 pts
    ...Fundraising Expense Ratio - 6.10% - 10/10 pts
    ...Program Expense Ratio - 80.20% - 8.62/10 pts
    ...Program Expense Growth - 1.69% - 2.69/10 pts

    Unscored Information

    Total Revenue and Expenses - Data Available
    Salary of Key Persons - Data Available
    IRS Published Data (Business Master File) - Data Available
    Data Sources (IRS Forms 990) - Data Available

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