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Tennessee · Nonprofit

FREEDOM PREPARATORY ACADEMY INC

FREEDOM PREPARATORY ACADEMY INC (Tennessee) receives grants from 17 organizations whose IRS filings report $17,314,401 to it, the largest being CHARTER FUND INC D/B/A CHARTER SCHOOL GROWTH FUND ($6,895,183). 7 of them have funded it in more than one year.

$30M
Revenue FY2025
17
Funders on record
$17M
Grants received
$31M
Net assets
7/17 repeat funderspeak grant-dependency 15%

Against its field

FREEDOM PREPARATORY ACADEMY INC is better cushioned than half of the 3,681 education nonprofits its size.

Operating margin3% · below the median
Months of reserve5.1mo · above the median
Revenue growth (annualized)8% · above the median

this organization peer median middle 50% of peers· 3,681 education nonprofits $10M–$100M, FY2025

Three funders worth looking at

Grantmakers with no record of funding this organization, ranked by how strongly the co-funder graph and the mission embeddings agree. The evidence is in section 03.

See all 12 prospects and why each one surfaced →
01The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 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 = 20172017 Revenue 100 ($16M) Expenses 100 ($16M) Net assets 100 ($2.0M)2018 Revenue 121 ($20M) Expenses 119 ($19M) Net assets 226 ($4.4M)2019 Revenue 131 ($22M) Expenses 125 ($20M) Net assets 341 ($6.7M)2020 Revenue 152 ($25M) Expenses 142 ($22M) Net assets 486 ($9.5M)2021 Revenue 188 ($31M) Expenses 164 ($26M) Net assets 759 ($15M)2022 Revenue 202 ($33M) Expenses 178 ($28M) Net assets 920 ($18M)2023 Revenue 241 ($40M) Expenses 186 ($29M) Net assets 1466 ($29M)2024 Revenue 215 ($35M) Expenses 212 ($33M) Net assets 1580 ($31M)2025 Revenue 185 ($30M) Expenses 189 ($29M) Net assets 1599 ($31M)
'17'18'19'20'21'22'23'24'25
Revenue (185)Expenses (189)Net assets (1599)Peer revenue range

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.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 70% · 2018 7% · 2019 11% · 2020 13% · 2021 10% · 2022 16% · 2023 28% · 2024 93% · 2025 91%. Grants only. Government contracts and fees sit inside program revenue.

97% of FREEDOM PREPARATORY ACADEMY INC’s revenue is contributions — more reliant on donations than three-quarters of its peers (23% for the typical peer).

This organization
Typical peer · 4,261 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.

$843k
17
$1.3M
18
$2.1M
19
$2.9M
20
$5.3M
21
$5.6M
22
$11M
23
$2.3M
24
$1.0M
25
5.1
months of
reserve
02Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 2 funders to 7 funders, grant income rose $1.5M → $5.8M.

3 of 17 of your funders are donor-advised or pass-through sponsors (tagged DAF)50% 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 FREEDOM PREPARATORY ACADEMY 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

FREEDOM PREPARATORY ACADEMY INC leans on a few funders — its largest provides 40% of grant income and the top three 90%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

96% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund FREEDOM PREPARATORY ACADEMY INC.

40%
largest funder
90%
top three
~4
effective funders

Largest funder’s share by year: 2017 99% · 2018 100% · 2019 52% · 2020 68% · 2021 52% · 2022 55% · 2023 77%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

29% of FREEDOM PREPARATORY ACADEMY INC's funders are still giving 3 years after their first grant; 41% give in more than one year at all.

first grant+1y+2y+3y+4y

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

FREEDOM PREPARATORY ACADEMY INC draws 99% of its grant income from funders outside Tennessee, across 8 states in all.

NY
CA
CO
AR
TN
DC
AL
FL

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

17
18
19
20
21
22
23
Tennessee out of state home

Funder states come from each funder’s own filing. $8.6M arriving through sponsors registered in 2 statesis 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.

03Its place in the field

Funders to approach

Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first. Your 17 funders put you under-funded among the 400 organizations that share them.

From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.

Government funding FREEDOM PREPARATORY ACADEMY INC receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $4.3M on record.

Federal$4.3M
grants $4.3Mcontracts $0
17
19
20
21
Top agencies
  • Department of Education$4.3M

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like FREEDOM PREPARATORY ACADEMY INC

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

In Tennessee

Nationally

04Profile & governance

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

Where the money goes

67% of spending goes to programs.

Program 67%Management 33%Fundraising 0%

Governance

7
board members
100%
independent
Conflict-of-interest policyWhistleblower policyDocument retentionBoard reviewed the 990Audited financials

Footprint & structure

Files a return copy in 1 state

TN

Screen this organization

A dated, signed PDF of the compliance screen for FREEDOM PREPARATORY ACADEMY 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.

A paid feature, included from the $75 plan up. Sign in to download.

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

Questions and answers

Who funds FREEDOM PREPARATORY ACADEMY INC?
FREEDOM PREPARATORY ACADEMY INC (Tennessee) receives grants from 17 organizations whose IRS filings report $17,314,401 to it, the largest being CHARTER FUND INC D/B/A CHARTER SCHOOL GROWTH FUND ($6,895,183). 7 of them have funded it in more than one year.
How many funders does FREEDOM PREPARATORY ACADEMY INC have?
IRS filings report 17 organizations giving $17,314,401 in grants to FREEDOM PREPARATORY ACADEMY INC, 7 of which have funded it in more than one year.
Who is the largest funder of FREEDOM PREPARATORY ACADEMY INC?
CHARTER FUND INC D/B/A CHARTER SCHOOL GROWTH FUND is the largest funder on record, with $6,895,183 in grants. The full list of funders is on this page.
How can an organization like FREEDOM PREPARATORY ACADEMY INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Tennessee. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 17funders 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 August 27, 2026. What this page cannot tell you · view filing