Potters House

Analysis

Potters House is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in September 1981, 45 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 June 2023, Potters House reported income of $7.5m and spending of $7.9m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.2m to $7.5m (-9.0%), an average of -2.3% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Potters House sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Restore Education ($7.5m), Casa Esperanza Montessori Incorpora Ted ($7.5m) and Manzanita Public Charter School ($7.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $180k (2.3% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $16.1m against liabilities of $746k, net assets of $15.4m. It reported 148 employees.