Parents and Teachers Association of Public School 8

Analysis

Parents and Teachers Association of Public School 8 is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Parents and Teachers Association of Public School 8 reported income of $989k and spending of $1.0m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $688k to $989k (+44%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 81%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Parents and Teachers Association of Public School 8 sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include International Brotherhood of Electrical Workers Local Union 461 ($989k), Heritage Society ($989k) and Werobotics Inc ($989k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 57% of the total. Other salaries and wages came to $104k. At year end it held assets of $786k against liabilities of $0, net assets of $786k. It reported 16 employees.