Propel Schools Inc

Analysis

Propel Schools Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Propel Schools Inc reported income of $31.0m and spending of $28.2m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $24.9m to $31.0m (+24%), an average of +5.6% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Propel Schools Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Early Learning Coalition of Alachua County Inc ($31.0m), Wku Student Life Foundation Inc ($31.0m) and Archer School for Girls Inc ($31.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $493k (1.7% of expenses). Other salaries and wages came to $11.1m. At year end it held assets of $27.1m against liabilities of $23.8m, net assets of $3.3m. It reported 300 employees.