The Posse Foundation Inc

Analysis

The Posse Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1996, 30 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 December 2023, The Posse Foundation Inc reported income of $44.8m and spending of $29.5m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $23.0m to $44.8m (+94%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 94%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Posse Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Dillard University ($44.8m), Community Development Institute Head Start ($44.8m) and California Virtual Academy-San Diego ($44.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 9.8% of the total. Compensation of current officers, directors and key employees was $1.4m (4.8% of expenses). Other salaries and wages came to $12.4m. At year end it held assets of $183.0m against liabilities of $33.3m, net assets of $149.7m. It reported 252 employees.