Propel Schools Foundation

Analysis

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

In the financial year ending June 2023, Propel Schools Foundation reported income of $2.1m and spending of $1.4m, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $2.1m (+33%), an average of +7.3% a year. The sharpest change came in the year to June 2022, when income rose by 204%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Propel Schools Foundation 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 85th percentile within PA. Charities of a similar size with the same main cause include Summit Academy Community School - Cincinnati ($2.1m), Kura Labs Inc ($2.1m) and Dallas International University ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% of the total. Other salaries and wages came to $268k. At year end it held assets of $16.1m against liabilities of $192k, net assets of $15.9m. It reported 3 employees.