Foundation for Pottstown Education

Analysis

Foundation for Pottstown Education is a registered charity in United States, based in Pottstown, PA. It received its IRS tax-exemption ruling in October 1985, 41 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 2024, Foundation for Pottstown Education reported income of $469k and spending of $428k, spending 91% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $566k to $469k (-17%), an average of -4.6% a year. The sharpest change came in the year to June 2023, when income dropped by 48%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for Pottstown Education sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within PA. Charities of a similar size with the same main cause include Innovation School ($469k), Creative Learning for Children Inc ($469k) and Corry Higher Education Council ($469k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $100k (23% of expenses). Other salaries and wages came to $9,013. At year end it held assets of $1.5m against liabilities of $5,669, net assets of $1.5m. It reported 2 employees.