Parent Teacher Association of P S 59 Inc

Analysis

Parent Teacher Association of P S 59 Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2003, 23 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 2023, Parent Teacher Association of P S 59 Inc reported income of $769k and spending of $794k, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $789k to $769k (-2.5%), an average of -0.8% a year. The sharpest change came in the year to June 2022, when income rose by 158%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Parent Teacher Association of P S 59 Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Base Camp Coding Academy ($769k), Cobb Street Children Learning Center ($769k) and University of California Riverside Alumni Association ($769k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 57% of the total. Other salaries and wages came to $391k. At year end it held assets of $560k against liabilities of $0, net assets of $560k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.