Packer Collegiate Institute

Analysis

Packer Collegiate Institute is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 1938, 88 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, Packer Collegiate Institute reported income of $71.5m and spending of $61.3m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $61.4m to $71.5m (+16%), an average of +3.9% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Packer Collegiate Institute sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Dean College ($71.4m), Russell Sage College ($71.7m) and Victoria University ($71.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $3.0m (4.9% of expenses). Other salaries and wages came to $25.1m. At year end it held assets of $196.7m against liabilities of $47.1m, net assets of $149.6m. It reported 489 employees.