Partnership for After School Education Inc

Analysis

Partnership for After School Education Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1998, 28 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 June 2023, Partnership for After School Education Inc reported income of $2.0m and spending of $2.2m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.0m (+34%), an average of +7.7% a year. The sharpest change came in the year to June 2022, when income rose by 51%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Partnership for After School Education Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Tarbiyah Academy Inc ($2.0m), Mouse Inc ($2.0m) and Minisinaakwaang Leadership Academy ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 105% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $198k (8.9% of expenses). Other salaries and wages came to $617k. It paid $62k in professional fundraising fees. At year end it held assets of $3.1m against liabilities of $1.8m, net assets of $1.3m. It reported 28 employees.