Propel Charter School-Mckeesport

Analysis

Propel Charter School-Mckeesport is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Propel Charter School-Mckeesport reported income of $8.3m and spending of $6.6m, leaving 20% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.8m to $8.3m (+42%), an average of +9.2% a year. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Propel Charter School-Mckeesport sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within PA. Charities of a similar size with the same main cause include Casas Comprehensive Adult Student Assessment Systems ($8.2m), Worcester State Foundation Inc ($8.3m) and The Academy Inc ($8.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 67% of the total. Other salaries and wages came to $2.4m. At year end it held assets of $9.9m against liabilities of $7.3m, net assets of $2.6m. It reported 64 employees.