PTA of PS 261k

Analysis

PTA of PS 261k is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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, PTA of PS 261k reported income of $1.1m and spending of $1.1m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $1.1m (-7.4%), an average of -1.9% a year. The sharpest change came in the year to June 2022, when income rose by 218%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, PTA of PS 261k sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include JC Enrichment Programs Inc ($1.1m), Alpha Sigma Phi Foundation Inc ($1.1m) and A Latere Academy ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.3% and program service revenue 88% of the total. Other salaries and wages came to $644k. At year end it held assets of $205k against liabilities of $2,625, net assets of $203k. It reported 65 employees.