PS 38 Parent Teacher Association

Analysis

PS 38 Parent Teacher Association is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 2016, 10 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, PS 38 Parent Teacher Association reported income of $123k and spending of $137k, spending 112% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $497k to $123k (-75%), an average of -37% a year. The sharpest change came in the year to June 2023, when income rose by 126%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, PS 38 Parent Teacher Association sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Delta Presents Outreach Foundation Incorporated ($123k), Parent Booster USA Inc ($123k) and Redbud Elementary Parent Teacher Organization ($123k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 45% of the total. At year end it held assets of $60k against liabilities of $0, net assets of $60k.