The Pegasus School

Analysis

The Pegasus School is a registered charity in United States, based in Huntingtn BCH, CA. It received its IRS tax-exemption ruling in November 1986, 40 years ago. 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, The Pegasus School reported income of $25.1m and spending of $18.1m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.1m to $25.1m (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Pegasus 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 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include The Granite YMCA ($25.1m), Park Ridge Nursing Home Inc ($25.1m) and Depaul Community Resources ($25.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $786k (4.3% of expenses). Other salaries and wages came to $9.5m. At year end it held assets of $62.7m against liabilities of $22.9m, net assets of $39.8m. It reported 185 employees.