Pontiac Schools District Promise Zone Authority Board

Analysis

Pontiac Schools District Promise Zone Authority Board is a registered charity in United States, based in Pontiac, MI. It received its IRS tax-exemption ruling in May 2011, 15 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, Pontiac Schools District Promise Zone Authority Board reported income of $2.9m and spending of $1.4m, leaving 53% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $820k to $2.9m (+257%), an average of +37% a year. The sharpest change came in the year to June 2024, when income rose by 61%. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pontiac Schools District Promise Zone Authority Board sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within MI. Charities of a similar size with the same main cause include Berkeley Rose School ($2.9m), Middleburg Community Charter School ($2.9m) and Christian Heritage School of Longview ($2.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% of the total. At year end it held assets of $4.1m against liabilities of $0, net assets of $4.1m.