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Friends of New World Prep Inc

EIN 83-2051523 · Staten Island, NY

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

LegitimacyPassesRegistration and standingFinancial healthFair52 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • Raising each dollar of donations cost 420 cents.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

OUR MISSION IS TO SUPPORT THE EDUCATIONAL PURPOSES OF NEW WORLD PREPARATORY CHARTER SCHOOL BY ACQUIRING, LEASING, CONSTRUCTING, RENOVATING AND MAINTAINING REAL ESTATE AND OTHER FACILITIES FOR THE USE OF THE STUDENTS AND FACULTY OF NEW WORLD PREPARATORY CHARTER SCHOOL. AND BY UNDERTAKING OR FUNDING OTHER ACTIVITIES AND SERVICES THAT ENHANCE, AUGMENT AND COMPLEMENT NEW WORLD PREPARATORY CHARTER SCHOOL'S EDUCATIONAL PROGRAMS AND ACTIVITIES.

Income
$1.5 million
Spending
$1.4 million
Spent on programs
87%
Reserves
102.6 months of spending
Largest source of income
fees for its services, 79%
Employees
0
Volunteers
5

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

Fair: 52 out of 100. Higher than 32% of charities in its peer group (education, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover 102.6 months of spending.

  • Debt

    2 of 20

    It owes 82% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 6% of income.

  • Income trend

    0 of 15

    Income fell 35% on the year before.

  • Spending floor

    0 of 15

    87% of spending went to programs and raising each dollar of donations cost 420 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: 100 out of 100. Higher than 74% of charities in its peer group (education, $1m to $10m).

  • Independent board

    25 of 25

    5 of 5 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

    7 of 7

    Has a 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.

  • 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 (1)
  1. $1.2 million spent. SUPPORT THE EDUCATIONAL PURPOSES OF NEW WORLD PREPARATORY CHARTER SCHOOL BY ACQUIRING, LEASING, CONSTRUCTING, RENOVATING AND MAINTAINING REAL ESTATE AND OTHER FACILITIES FOR THE USE OF THE STUDENTS AND FACULTY OF NEW WORLD PREPARATORY CHARTER SCHOOL. AND BY UNDERTAKING OR FUNDING OTHER ACTIVITIES AND SERVICES THAT ENHANCE, AUGMENT AND COMPLEMENT NEW WORLD PREPARATORY CHARTER SCHOOL'S EDUCATIONAL PROGRAMS AND ACTIVITIES.

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 October 13, 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 May 2019.

    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 October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.