56 PS Ptan

Analysis

56 PS Ptan is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in December 2007, 19 years ago. 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 2024, 56 PS Ptan reported income of $125k and spending of $116k, spending 93% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $88k to $125k (+42%), an average of +9.2% a year. The sharpest change came in the year to June 2022, when income rose by 210%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 56 PS Ptan sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Birdville Band Boosters Inc ($125k), Broward County Right to Life Foundation Inc ($125k) and Eating with the Ecosystem Inc ($125k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $58k against liabilities of $0, net assets of $58k.