PS 58 Parent Teacher Association

Analysis

PS 58 Parent Teacher Association is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, PS 58 Parent Teacher Association reported income of $2.8m and spending of $2.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $2.8m (+27%), an average of +6.1% a year. The sharpest change came in the year to June 2022, when income rose by 91%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, PS 58 Parent Teacher Association sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Eagle Ridge Academy Affiliated Building Company ($2.8m), Edmund Burke Academy Inc ($2.8m) and Difference Principle Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $749k against liabilities of $0, net assets of $749k. It reported 77 employees.