Zeta Psi Educational Foundation

Analysis

Zeta Psi Educational Foundation is a registered charity in United States, based in Pearl River, NY. It received its IRS tax-exemption ruling in March 1949, 77 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2023, Zeta Psi Educational Foundation reported income of $1.5m and spending of $1.4m, spending 90% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $955k to $1.5m (+57%), an average of +12% a year. The sharpest change came in the year to May 2022, when income rose by 160%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Zeta Psi Educational Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Otter Student Union at Csu Monterey Bay ($1.5m), Henderson Isd Education Foundation Inc ($1.5m) and Anne Grady Day Program ($1.5m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $7.7m against liabilities of $88k, net assets of $7.6m.