Payne Pulliam School of Trade and Commerce Inc

Analysis

Payne Pulliam School of Trade and Commerce Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in February 1985, 41 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 December 2023, Payne Pulliam School of Trade and Commerce Inc reported income of $3.3m and spending of $3.3m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $3.3m (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Payne Pulliam School of Trade and Commerce Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MI. Charities of a similar size with the same main cause include The Ratner School ($3.3m), Ivy School a Montessori Charter ($3.3m) and Alumnae Association of Smith College ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $85k (2.6% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $419k against liabilities of $89k, net assets of $330k. It reported 82 employees.