New York · Nonprofit
PREP FOR PREP
PREP FOR PREP (New York) receives grants from 332 organizations whose IRS filings report $41,151,057 to it, the largest being NATIONAL PHILANTHROPIC TRUST ($4,525,008). 201 of them have funded it in more than one year.
- Revenue FY2025
- $11M
- Funders on record
- 332
- Grants received
- $41M
- Net assets
- $62M
What Prep for Prep does
Mission
Prep for Prep was established in 1978 with the objective of providing educational access and opportunity to new york city's most promising students to enable them to become leaders in their communities and in the country's major institutions.
As stated on its FY2025 Form 990.
Programs
Preparatory programs prep redefines opportunity for top students in nyc public schools through exceptional academic and social preparedness programming a rigorous 14-month course of studythat results in placing approximately 200 students annually in leading nyc independent schools (in 7th grade) and northeastern boarding schools (in 9th grade). Our organizational budget investment in our students leverages roughly $40 million in financial aid for nearly 700 students (grades 7-12) annually committed by our partner schools to meet students' needs based on family household income.
$4,973,915 spent39% of program spendingCounseling prep provides individual counseling for approximately 700 students annually throughout their time (ranging from 4-6 years) in independent day and boarding schools. Our counseling team monitors students' academic and social-emotional progress and provides assistance, including tutoring and emergency fund support, to students and their families as needed. The team works to equip students, who are also navigating adolescence, to address issues ranging from imposter syndrome to perfectionism; from anxiety to depression; from cultural divides to sense of belonging. Services and support are also made available to approximately 600 college students annually through our undergraduate affairs team.
$3,492,467 spent27% of program spendingLeadership development prep offers leadership development and professional advancement opportunities during high school and college to roughly 1,300 students annually. Activities include: sleep-away camp; a prep-sotheby's partnership for our summer arts academy; a prep-google partnership for our institute for entrepreneurship (ife); college guidance (including campus visits); student leadership retreats; summer internships and career seminars with leading firms, companies, nonprofits, and public service agencies; exposure to stem fields and computer coding; travel abroad, international living, and experiential learning; and other programs aimed at expanding student horizons. These opportunities increase students' sense of belonging, broaden understanding of life's possibilities, and build a stronger self-confidence.
$2,197,231 spent17% of program spendingTalent search our admissions team identifies 200 students each year for admission to Prep for Prep, selected among nearly 4,000 annual inquiries from students in nyc public schools. The admissions process is extensive and highly competitive. Students are chosen for their academic potential and intellectual capacity, their commitment to learning and growth, their courage and integrity, their determination to succeed, and their resilience. Alumni affairs for prep's alumni, now over 4,500 strong and growing, we build community through a variety of engagement programs that encourage a life-long commitment to prep and its mission. Ongoing networking, professional development, and social gatherings, along with opportunities to give back their time, knowledge, and treasure, ensure that our students have role models, mentors, and champions to help them reach their full potential and follow in the footsteps of their fellow alumni.expertise & leadership impact prep has a longstanding commitment to sharing its program model and experience and boasts a growing list of more than 250 organizations and social entrepreneurs who have benefited from our knowledge, methods, and approaches.…
$2,140,511 spent17% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $12,804,124.
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.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2017 to 2018, from $47M to $63M (+32%).
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.
Government-grant reliance: 2020 16% · 2021 10%. Grants only. Government contracts and fees sit inside program revenue.
94% of PREP FOR PREP’s revenue is contributions — more reliant on donations than three-quarters of its peers (23% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 9 reported years ran a deficit.
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
Lisa Smith Cashin
Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 92 funders to 133 funders, grant income rose $2.7M → $5.5M.
29 of 332 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 36% 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 PREP FOR PREP’s funders (the co-funder graph). Top 30 of 332 funders by total. 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
PREP FOR PREP has a broad base — no single funder exceeds 11% of grant income, and it takes 9 funders to reach half.
the vertical line marks half of all grant income — 9 funders to its left
37% 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 PREP FOR PREP.
Largest funder’s share by year: 2017 20% · 2018 15% · 2019 24% · 2020 14% · 2021 12% · 2022 10% · 2023 13% — 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
45% of PREP FOR PREP's funders are still giving 3 years after their first grant; 61% give in more than one year at all.
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
77% of PREP FOR PREP's grant income comes from New York funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $15M arriving through sponsors registered in 15 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.
Against its field
PREP FOR PREP's funding base is broadening — from 92 funders to 133 as grant income climbed.
this organization peer median middle 50% of peers· 3,794 education nonprofits $10M–$100M, FY2025
Organizations like PREP FOR PREP
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 New York
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
83% of spending goes to programs.
Governance
Public support
85%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for PREP FOR PREP: 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.
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 PREP FOR PREP?
- PREP FOR PREP (New York) receives grants from 332 organizations whose IRS filings report $41,151,057 to it, the largest being NATIONAL PHILANTHROPIC TRUST ($4,525,008). 201 of them have funded it in more than one year.
- How many funders does PREP FOR PREP have?
- IRS filings report 332 organizations giving $41,151,057 in grants to PREP FOR PREP, 201 of which have funded it in more than one year.
- Who is the largest funder of PREP FOR PREP?
- NATIONAL PHILANTHROPIC TRUST is the largest funder on record, with $4,525,008 in grants. The full list of funders is on this page.
- How can an organization like PREP FOR PREP find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New York. 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 Prep for Prep →
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 332 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 22, 2026. What this page cannot tell you · view filing