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Allegiant Preparatory

EIN 81-3719222 · Indianapolis, IN

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood75 out of 100GovernanceStrong93 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

ALLEGIANT PREPARATORY ACADEMY EDUCATES ALL STUDENTS IN GRADES K-8 WITH RIGOROUS ACADEMICS, CHARACTER DEVELOPMENT, AND A COMMITMENT TO COMMUNITY NECESSARY FOR COLLEGE SUCCESS AND A LIFE OF POSITIVE ACTION.

Income
$2.8 million
Spending
$2.5 million
Spent on programs
76%
Reserves
4.5 months of spending
Largest source of income
government grants, 80%
Employees
15
Volunteers
11
Highest pay
$137,307, executive director

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 75 out of 100. Higher than 58% of charities in its peer group (education, $1m to $10m).

  • Reserves

    20 of 35

    Spendable reserves would cover 4.5 months of spending.

  • Debt

    10 of 20

    It owes 30% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 10% of income.

  • Income trend

    15 of 15

    Income rose 8% on the year before.

  • Spending floor

    15 of 15

    76% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 93 out of 100. Higher than 63% of charities in its peer group (education, $1m to $10m).

  • Independent board

    25 of 25

    9 of 9 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $1.9 million spent. 24-25 SY - 90% OF 3RD GRADERS PASSED THE IREAD 3 ASSESSMENT. WE EXCEEDED OUR GOAL BY 20% DUE TO LEVERAGING SMALL GROUP FOUNDATIONAL LITERACY INSTRUCTION AND STANDARD-BASED COMPUTER ADAPTIVE INSTRUCTION DURING THE WEEK. THE MAJORITY OF OUR 3RD GRADERS HAVE MASTERED LOWER ACADEMY READING SKILLS.
  2. 24-25 SY - 70% OF OUR K-2 SCHOLARS MET THEIR EOY NWEA MATH GROWTH GOALS. WE EXCEEDED OUR GOAL BY 17% DUE TO LEVERAGING THE ZEARN CURRICULUM. SCHOLARS WERE PROVIDED A HYBRID OF SMALL GROUP INSTRUCTION, INDEPENDENT WORK TIME, AND STANDARD BASED COMPUTER ADAPTIVE INSTRUCTION DURING THE WEEK.
  3. 24-25 SY - OUR AVERAGE DAILY STUDENT ATTENDANCE FOR THE SCHOOL YEAR WAS 95%. OUR STAFF WORK HARD TO ENSURE SCHOLARS ARRIVE TO AN ENVIRONMENT THAT IS STABLE, CONSISTENT AND CONDUCIVE TO LEARNING. AS A RESULT OUR FAMILIES AND SCHOLARS ARE INVESTED IN ENSURING THEY ARE PRESENT EACH DAY. OUR DEAN OF STUDENTS AND FAMILY SUPPORTS WORKS HARD TO TRACK DAILY ATTENDANCE, AND IDENTIFY SUPPORT FOR FAMILIES THAT MAY BE STRUGGILING TO GET THEIR CHILD TO SCHOOL EACH DAY. AS A RESULT, OUR SCHOLARS SPEND MORE TIME OVER THE COURSE OF 179 DAY SCHOOL YEAR AT SCHOOL, RECEIVING A HYBRID OF INSTRUCTION TO SUPPORT A RANGE OF DIFFERENT LEARNERS.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since June 2017.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

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