Psara Education Fund

Analysis

Psara Education Fund is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Psara Education Fund reported income of $51k and spending of $57k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $47k to $51k (+10%), an average of +10% a year. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Psara Education Fund sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 15th percentile within WA. Charities of a similar size with the same main cause include Raegan Sharnae Way ($51k), Lancaster County Agriculture Council ($51k) and Kiowa County United Inc ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $34k against liabilities of $0, net assets of $34k.