Psasb Inc

Analysis

Psasb Inc is a registered charity in United States, based in SN Bernrdno, CA. It received its IRS tax-exemption ruling in August 2014, 12 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, Psasb Inc reported income of $7.7m and spending of $6.5m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.6m to $7.7m (+37%), an average of +8.1% a year. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Psasb Inc 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 CA. Charities of a similar size with the same main cause include Bella Mente Charter School ($7.7m), Association of Alaska School Board ($7.7m) and University High School ($7.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $376k (5.8% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $10.0m against liabilities of $2.8m, net assets of $7.2m. It reported 71 employees.