PS 172

Analysis

PS 172 is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, PS 172 reported income of $83k and spending of $101k, spending 122% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $91k to $83k (-9.4%), an average of -9.4% a year. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, PS 172 sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include Ms 297 Parent Teacher Association Inc ($83k), Robert Hunter Parent Teacher Organization ($83k) and Literacy Volunteers of Otsego & Delaware Counties ($83k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 7.7% and program service revenue 76% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.