Brooklyn Prospect Charter School
84% goes to programs $6 to raise $100 Growing revenue
Brooklyn Prospect Charter School is a 501(c)(3) organization based in Brooklyn, New York, registered in 2009, with $68,150,953 in FY2023 revenue. CharityIndex grades it B, and it directs about 84% of spending to programs.
397 Bridge Street 9th Fl, Brooklyn, NY, 11201 EIN 26-3206518 Since 2009
Revenue (FY2023)
$68.2M
▲ 12.7% vs prior year
Education median: $200K
Expenses (FY2023)
$68.8M
Net assets
$8.0M
Employees
485
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
C+Program efficiency40% of the rating84% to programs · $6 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Brooklyn Prospect Charter School: 84% to programs · $6 to raise $100 earns a C+ on this criterion. See the exact thresholds →
C+Financial health25% of the rating1 mo reserves · -1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Brooklyn Prospect Charter School: 1 mo reserves · -1% margin earns a C+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Brooklyn Prospect Charter School: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Brooklyn Prospect Charter School: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Our school prepares students for success as global citizens.
Contact & location
- Address
- 397 Bridge Street 9th Fl, Brooklyn, NY, 11201
- City
- Brooklyn
- State
- New York
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $10.2M (FY2013) to $68.2M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $258.5MNet assets $8.0M
Operating margin
-0.9%
Spent more than it raised in the latest fiscal year.
Total assets
$266.6M
Total liabilities
$258.5M
Net assets
$8.0M
Salaries & benefits
$36.4M
53% of expenses
Board members
10
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $68,150,953▲12.7% | $68,762,160▲5.6% | $8,041,111▼12.1% | $266,566,907▲23.0% | 990 |
| 2022 | $60,453,211▲10.6% | $65,100,693▲18.8% | $9,152,318▼33.7% | $216,737,698▲957% | 990 |
| 2021 | $54,680,290▲29.3% | $54,806,989▲41.6% | $13,799,800▲42.4% | $20,499,218▲39.0% | 990 |
| 2020 | $42,286,541▲22.7% | $38,695,898▲8.4% | $9,687,774▲58.9% | $14,747,543▲24.3% | 990 |
| 2019 | $34,456,457▲7.7% | $35,712,437▲14.8% | $6,097,131▲17.8% | $11,861,587▲38.6% | 990 |
| 2018 | $31,999,561▲24.3% | $31,107,088▲19.8% | $5,175,306▲17.5% | $8,556,748▲14.1% | 990 |
| 2017 | $25,740,930▲14.6% | $25,962,048▲17.8% | $4,403,294▼4.8% | $7,498,555▼3.4% | 990 |
| 2016 | $22,466,449▲19.7% | $22,033,116▲26.5% | $4,624,412▲10.3% | $7,759,927▲13.7% | 990 |
| 2015 | $18,767,262▲24.4% | $17,415,414▲22.9% | $4,191,079▲47.6% | $6,824,922▲29.8% | 990 |
| 2014 | $15,082,766▲47.6% | $14,166,783▲32.1% | $2,839,231▲47.6% | $5,258,682▲44.6% | 990 |
| 2013 | $10,217,532 | $10,727,183▲44.7% | $1,923,248▼20.9% | $3,637,704▲11.1% | 990 |
| 2012 | — | $7,415,695▲80.5% | $2,432,899▼4.3% | $3,274,211▲20.1% | 990 |
| 2011 | — | $4,108,901▲77.9% | $2,542,488▲61.5% | $2,726,705▲63.2% | 990 |
| 2010 | — | $2,309,359▲43.1% | $1,574,669▲279% | $1,671,245▲227% | 990 |
| 2009 | — | $1,613,291 | $415,863 | $510,950 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Emily Carroll-chocolaad — $157,286 (0.23% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Emily Carroll-chocolaad | Principal | 40 | $157,286 |
| Wendell Cheung | Principal | 40 | $155,868 |
| Folake Akinola-pinard | Principal | 40 | $153,654 |
| Matthew Ellis | Principal | 40 | $149,614 |
| Dana Mulwanda | Principal | 40 | $133,670 |
| Angela Kurzawa | Trustee | 1 | — |
| Antoinette Koram Chukudebelu | Trustee | 1 | — |
| Gravelle Pierre | Board Chair | 4 | — |
| Joanne Garce-rodriguez | Trustee | 1 | — |
| Juliet Cullen-cheung | Trustee | 1 | — |
| Maya Petrocelli | Secretary | 1 | — |
| Michelle Ramirez | Trustee Thru 9/2023 | 1 | — |
| Sagar Desai | Treasurer | 1 | — |
| Sam Koch | Trustee | 1 | — |
| Sara Keenan | Trustee | 1 | — |
| Theresa Sanchez | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Prospect Schools Inc | Management Services | $8,273,323 |
| Talisen Construction Corporation | Construction Services | $489,378 |
| Charter Technology Solutions | It Services | $278,741 |
| Kokua Education Inc | Temporary Hiring Agency | $195,083 |
| Insight Public Sector Inc | It Solutions | $153,690 |
Grants received · $606K total
6 grants to Brooklyn Prospect Charter School totaling $606K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| 50can Inc | To support summerboost | 2022 | $566,160 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $9,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $8,650 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2018 | $9,700 |
| Network For Good Inc | Unrestricted | 2017 | $5,910 |
| Network For Good Inc | Unrestricted | 2014 | $6,782 |
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Compare Brooklyn Prospect Charter School
Frequently asked questions
- Is Brooklyn Prospect Charter School a legitimate nonprofit?
- Yes. Brooklyn Prospect Charter School is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 26-3206518, based in Brooklyn, New York. Donations are tax-deductible.
- What is Brooklyn Prospect Charter School's EIN?
- Brooklyn Prospect Charter School's Employer Identification Number (EIN) is 26-3206518.
- How much revenue does Brooklyn Prospect Charter School report?
- Brooklyn Prospect Charter School reported $68,150,953 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Brooklyn Prospect Charter School's spending goes to programs?
- Brooklyn Prospect Charter School spends about 84% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Brooklyn Prospect Charter School have?
- CharityIndex grades Brooklyn Prospect Charter School B, based on program efficiency and fundraising cost.
- How much does Brooklyn Prospect Charter School's highest-paid employee make?
- The highest reported compensation on Brooklyn Prospect Charter School's latest Form 990 is $157,286, paid to Emily Carroll-chocolaad (Principal).
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Data for Brooklyn Prospect Charter School (EIN 26-3206518) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.