Fund for Public Schools Inc

Analysis

Fund for Public Schools Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1984, 42 years ago. 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 June 2023, Fund for Public Schools Inc reported income of $31.2m and spending of $25.0m, leaving 20% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $45.6m to $31.2m (-32%), an average of -12% a year. The sharpest change came in the year to June 2023, when income rose by 128%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fund for Public Schools Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Lighthouse for the Blind ($31.2m), Asian Vegetable Research and Development Center Asveg ($31.3m) and Bipartisan Policy Center Inc ($31.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $521k (2.1% of expenses). Other salaries and wages came to $98k. At year end it held assets of $57.5m against liabilities of $14.6m, net assets of $42.9m. It reported 8 employees.