Philadelphia Performing Arts a String Theory Charter School

Analysis

Philadelphia Performing Arts a String Theory Charter School is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 2000, 26 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, Philadelphia Performing Arts a String Theory Charter School reported income of $51.4m and spending of $50.9m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $36.6m to $51.4m (+41%), an average of +8.9% a year. 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, Philadelphia Performing Arts a String Theory Charter School sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Options for Youth-Duarte Inc ($51.4m), Indiana Online Learning Options Inc ($51.5m) and Salish Kootenai College Inc ($51.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $551k (1.1% of expenses). Other salaries and wages came to $19.7m. At year end it held assets of $79.7m against liabilities of $72.7m, net assets of $7.0m. It reported 391 employees.