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Indiana · Nonprofit

CIRCLE CITY PREPARATORY INC

CIRCLE CITY PREPARATORY INC (Indiana) receives grants from 14 organizations whose IRS filings report $12,022,381 to it, the largest being LILLY ENDOWMENT INC ($9,950,000). 9 of them have funded it in more than one year.

Revenue FY2025
$6.5M
Funders on record
14
Grants received
$12M
Net assets
$1.8M
9/14 repeat funderspeak grant-dependency 10%
01What it does

What Circle City Preparatory Inc does

Mission

Through excellence in academic instruction and character development, circle city prep ensures all k-8 students are ambitious, powerful learners and responsible, positive leaders on a path to college and a life of opportunity.

As stated on its FY2025 Form 990.

Programs

  1. Acquisition of ace prep and expanding extracurricular opportunities on this campus.

    $4,629,965 spent$83,897 earned by the program
    100% of program spending
  2. Retention of 90%+ of instructional staff sy25 to sy26.

  3. Iread grade 2 increased from 15% in sy24 to 40% in sy25 (note: this assessment is a g3 assessment - of incoming 3rd graders have now already passed).

The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $4,629,965.

02The organization over time

The organization over time

Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20182018 Revenue 100 ($783k) Expenses 100 ($1.0M) Net assets 100 ($38k)2019 Revenue 217 ($1.7M) Expenses 139 ($1.5M) Net assets 732 ($279k)2020 Revenue 310 ($2.4M) Expenses 202 ($2.1M) Net assets 1663 ($633k)2021 Revenue 361 ($2.8M) Expenses 267 ($2.8M) Net assets 1748 ($665k)2022 Revenue 584 ($4.6M) Expenses 401 ($4.2M) Net assets 2721 ($1.0M)2023 Revenue 702 ($5.5M) Expenses 468 ($4.9M) Net assets 4307 ($1.6M)2024 Revenue 795 ($6.2M) Expenses 546 ($5.7M) Net assets 5627 ($2.1M)2025 Revenue 833 ($6.5M) Expenses 654 ($6.9M) Net assets 4764 ($1.8M)
'18'19'20'21'22'23'24'25
Revenue (833)Expenses (654)Net assets (4764)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $865k to $5.4M (+529%).

$187k
$486k
$865k
$5.4M
$6.0M
$6.4M
$7.4M
$7.4M
'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2018 93% · 2019 97% · 2020 96% · 2021 96% · 2022 88% · 2023 92% · 2024 85% · 2025 91%. Grants only. Government contracts and fees sit inside program revenue.

98% of CIRCLE CITY PREPARATORY INC’s revenue is contributions — more reliant on donations than three-quarters of its peers (48% for the typical peer).

This organization
Typical peer · 12,352 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 8 reported years ran a deficit.

−$264k
’18
$240k
’19
$316k
’20
$32k
’21
$370k
’22
$604k
’23
$502k
’24
−$328k
’25
4.2
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Leslie Tarble

Board chair

As listed on its FY2025 Form 990.

'18'19'20'21'22'23'24'25
Listed99131514121013
Joined·+2+4+3+2+2+0+4
No longer listed·2013421
03Who funds it

Who funds it, year by year

2019 → 2023: the base broadened from 1 funder to 9 funders, grant income rose $21k → $238k.

5 of 14 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 2% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of CIRCLE CITY PREPARATORY INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

CIRCLE CITY PREPARATORY INC leans on a few funders — its largest provides 83% of grant income and the top three 98%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

83%
largest funder
98%
top three
~1
effective funders

Largest funder’s share by year: 2019 100% · 2020 100% · 2021 60% · 2022 92% · 2023 22% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

60% of CIRCLE CITY PREPARATORY INC's funders are still giving 2 years after their first grant; 64% give in more than one year at all.

first grant+1y+2y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

99% of CIRCLE CITY PREPARATORY INC's grant income comes from Indiana funders.

NY
IN
DC

In-state vs out-of-state, by year

’20
’21
’22
’23
Indiana out of state home

Funder states come from each funder’s own filing. $263k arriving through sponsors registered in 5 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

CIRCLE CITY PREPARATORY INC has grown faster than three-quarters of the 9,398 education nonprofits its size.

Operating margin−5% · bottom quartile
Months of reserve4.2mo · above the median
Revenue growth (annualized)35% · top quartile

this organization peer median middle 50% of peers· 9,398 education nonprofits $1M–$10M, FY2025

Organizations like CIRCLE CITY PREPARATORY INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Indiana

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

68% of spending goes to programs.

Program 68%Management 32%Fundraising 0%

Governance

9
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy–Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Files a return copy in 1 state

IN

Screen this organization

A dated, signed PDF of the compliance screen for CIRCLE CITY PREPARATORY INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds CIRCLE CITY PREPARATORY INC?
CIRCLE CITY PREPARATORY INC (Indiana) receives grants from 14 organizations whose IRS filings report $12,022,381 to it, the largest being LILLY ENDOWMENT INC ($9,950,000). 9 of them have funded it in more than one year.
How many funders does CIRCLE CITY PREPARATORY INC have?
IRS filings report 14 organizations giving $12,022,381 in grants to CIRCLE CITY PREPARATORY INC, 9 of which have funded it in more than one year.
Who is the largest funder of CIRCLE CITY PREPARATORY INC?
LILLY ENDOWMENT INC is the largest funder on record, with $9,950,000 in grants. The full list of funders is on this page.
How can an organization like CIRCLE CITY PREPARATORY INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Indiana. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Circle City Preparatory →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2018–2025), and the filings of 14 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing