Friends of Ps166 Inc

Analysis

Friends of Ps166 Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2001, 25 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, Friends of Ps166 Inc reported income of $443k and spending of $514k, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $695k to $443k (-36%), an average of -11% a year. The sharpest change came in the year to June 2021, when income dropped by 33%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Ps166 Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include TPS Foundation Inc ($443k), Brainerd Public Schools Foundation ($443k) and Cana Academy ($443k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $885k against liabilities of $14k, net assets of $871k.