Teach for America Inc

Analysis

Teach for America Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1993, 33 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, Teach for America Inc reported income of $275.6m and spending of $298.2m, spending 108% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $324.1m to $275.6m (-15%), an average of -4.0% a year. The sharpest change came in the year to May 2023, when income rose by 25%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Teach for America Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include Fairleigh Dickinson University ($275.2m), Early Learning Coalition of Palm Beach County Inc ($276.6m) and Monmouth University Inc ($274.8m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 92% and program service revenue 5.6% of the total. Compensation of current officers, directors and key employees was $2.1m (0.7% of expenses). Other salaries and wages came to $169.1m. At year end it held assets of $527.2m against liabilities of $103.5m, net assets of $423.6m. It reported 3,080 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.