Passport Academy Charter School

Analysis

Passport Academy Charter School is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in March 2015, 11 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, Passport Academy Charter School reported income of $4.1m and spending of $3.7m, spending 90% of its income. The sharpest change came in the year to June 2021, when income dropped by 27%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Passport Academy Charter School sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Near West Intergenerational School ($4.1m), Spark Preschool NFP Inc ($4.1m) and Yes Every Kid Foundation ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $164k (4.5% of expenses). Other salaries and wages came to $814k. At year end it held assets of $2.7m against liabilities of $838k, net assets of $1.8m. It reported 18 employees.