Propel Education

Analysis

Propel Education is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Propel Education reported income of $12.7m and spending of $17.9m, spending 141% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income grew from $1.2m to $12.7m (+982%), an average of +81% a year. The sharpest change came in the year to June 2023, when income rose by 1631%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Propel Education sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 98th percentile within AL. Charities of a similar size with the same main cause include Urban Land Conservancy ($12.6m), Momentum Work Inc ($12.7m) and Northern Maine Development Commission Inc ($12.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.5% of the total. Compensation of current officers, directors and key employees was $1.2m (6.9% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $32.0m against liabilities of $8.2m, net assets of $23.9m. It reported 95 employees.