Philadelphia Electrical and Technology Charter High School

Analysis

Philadelphia Electrical and Technology Charter High School is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 2001, 25 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 Electrical and Technology Charter High School reported income of $13.5m and spending of $11.9m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.4m to $13.5m (+44%), an average of +9.6% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Philadelphia Electrical and Technology Charter High School sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include Workforce Outsource Services Inc ($13.5m), Kansas City Kansas Community College Foundation ($13.5m) and Southern Assoc of Colleges and Schools Commission on Colleges Inc ($13.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $153k (1.3% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $32.3m against liabilities of $33.4m, net assets of -$1.1m. It reported 134 employees.