Per Scholas Inc

Analysis

Per Scholas Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Per Scholas Inc reported income of $83.3m and spending of $62.1m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $24.0m to $83.3m (+247%), an average of +36% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Per Scholas Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Central Arkansas Development Council ($82.8m), Grameen America Inc ($83.4m) and Waterstone Supporting Organization Trust 1 ($82.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $754k (1.2% of expenses). Other salaries and wages came to $37.4m. It paid $76k in professional fundraising fees. At year end it held assets of $63.9m against liabilities of $22.1m, net assets of $41.8m. It reported 627 employees.