Gratz College

Analysis

Gratz College is a registered charity in United States, based in Jenkintown, PA. It received its IRS tax-exemption ruling in November 1959, 67 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 August 2023, Gratz College reported income of $4.3m and spending of $4.3m, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.8m to $4.3m (+13%), an average of +3.0% a year. The sharpest change came in the year to August 2021, when income rose by 28%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gratz College sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include George Junior Republic ($4.3m), Meristem Inc ($4.3m) and San Diego Public Library Foundation ($4.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 20% and program service revenue 77% of the total. Other salaries and wages came to $2.1m. At year end it held assets of $9.1m against liabilities of $1.8m, net assets of $7.3m. It reported 141 employees.