Legal Prep Charter Academy
  • Home
  • ABOUT
    • About
    • Our Story >
      • What is a Charter School?
      • Mission & Vision
    • Our Finances
    • Our Community
    • Supporting Boards >
      • Board Training
      • Board Resources
      • Board of Directors
      • Advisory Board
      • Associate Board
      • Board Schedule & Meeting Minutes
    • Contact Us
  • Student Life
    • Enrollment >
      • Enrollment dates
      • A Look at Legal Prep
      • Learn About GoCPS
      • Registration >
        • Student Registration
    • Student Life
    • Mental Heath and Suicide Prevention Resources
    • Academics
    • Law Program
    • School Culture
    • Athletics
    • Enrichments
    • Community Service
  • Parents
    • Parents
    • Parent Advisory Council
    • Parent Issue Resolution Process
    • Parent Resources
  • College
    • Program Overview
    • Overview for Admissions Counselors
    • College Acceptances
  • Support Us
    • Donate Now
    • Support Us
    • Monthly Giving
  • Attend an Event
    • Trivia Night 2025
    • EDG2025
  • Volunteer Opportunities
    • Become A Mentor
    • Law Program
  • Our Team
    • Staff
    • Join Us- Careers
    • Board Dashboard
  • Link Page
  • Legal Prep Indy - Coming Soon

legal prep finances

financial snapshot

Legal Prep is a 501(c) corporation, also referred to as a not-for-profit corporation.  The Legal Prep Board of Directors is responsible for setting and monitoring the school's annual budget, which the Board does on a regular basis. The budget includes both anticipated revenue and expenses for the school. 

Revenue Sources: As a public school, the vast majority of Legal Prep's funding comes from public sources (over 90%).  Legal Prep also relies corporate (7%) and individual (1%) donations, as well as  other sources of revenue, including public and private grants (2%).  Student fees are a nominal source of revenue for the school. A detailed explanation of the revenue sources can be found in the audited financial available on this page.

Expenditures: Legal Prep's primary expenditures include direct student  and personnel costs, as well as capital expenditures associated with our facilities, equipment and technology.  A summary of the FY23 Financial Statement  is available below.  A detailed explanation of the expenditures also can be found in the audited financial available on this page.

The school's financials also are reported to and rated by CPS.  A copy of the school's most recently available CPS scorecard is available below.
fy23_financial_statement_-_summary.pdf
File Size: 52 kb
File Type: pdf
Download File

2022-2023_legal_prep_scorecard.pdf
File Size: 50 kb
File Type: pdf
Download File

detailed audited financials

Our fiscal year starts on July 1 and ends on June 30 of the following year.  Our most recently audited financial statements, including the statements for FY 2024 are available below. 

Financial Information for Years Ended 6/30/2024 and 2023
lpca_auditors_report_2024.pdf
File Size: 1245 kb
File Type: pdf
Download File


Financial Information for Years Ended 6/30/2023 and 2022
​
Financial Information for Years Ended 6/30/2022 and 2021
lpca_-_audit_report_-_fy_2023.pdf
File Size: 500 kb
File Type: pdf
Download File

lpca_auditors_report_2022.pdf
File Size: 383 kb
File Type: pdf
Download File

Financial Information for Years Ended 6/30/2021 and 2020
lpca_audtiors_report_2021.pdf
File Size: 473 kb
File Type: pdf
Download File

Financial Information for Years Ended 6/30/2020 and 2019
lpca_auditors_report_2020.pdf
File Size: 315 kb
File Type: pdf
Download File

  © 2020 Legal Prep Charter Academy
      
             Main Office Phone: 773-922-7800
Fax Number: 312-386-5796
cps.edu/nondiscrimination
Mental Health and Suicide Prevention Resources