Parents and Teachers Association of P S 29 Inc

Analysis

Parents and Teachers Association of P S 29 Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 1987, 39 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, Parents and Teachers Association of P S 29 Inc reported income of $1.7m and spending of $1.3m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.8m to $1.7m (-5.1%), an average of -1.3% a year. The sharpest change came in the year to June 2022, when income rose by 347%. Over the whole period it spent 96% 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 P S 29 Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Vedic Connections International ($1.7m), The Education Foundation for Joint School District 2 Inc ($1.7m) and Family Counseling Connection Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.3% and program service revenue 92% of the total. Other salaries and wages came to $499k. At year end it held assets of $970k against liabilities of $37k, net assets of $933k. It reported 53 employees.