P S 321 Parent-Teacher Association Inc

Analysis

P S 321 Parent-Teacher Association Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 1997, 29 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 August 2023, P S 321 Parent-Teacher Association Inc reported income of $921k and spending of $846k, spending 92% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.2m to $921k (-21%), an average of -5.7% a year. The sharpest change came in the year to August 2020, when income dropped by 27%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, P S 321 Parent-Teacher Association Inc 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 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Boys & Girls Club of McAlester Inc ($921k), FR Genes Help Inc ($921k) and Louisiana Human Resources Development Institute ($921k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. At year end it held assets of $332k against liabilities of $0, net assets of $332k.