Paul W Barret Jr School of Banking

Analysis

Paul W Barret Jr School of Banking is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in September 1979, 47 years ago. 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 August 2023, Paul W Barret Jr School of Banking reported income of $907k and spending of $1.2m, spending 129% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $827k to $907k (+9.7%), an average of +2.3% a year. The sharpest change came in the year to August 2021, when income rose by 330%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Paul W Barret Jr School of Banking sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within TN. Charities of a similar size with the same main cause include Lakewood Community Care Center ($907k), T D Associates Inc ($907k) and Rehema Ministries ($907k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.6% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $453k (39% of expenses). At year end it held assets of $9.4m against liabilities of $336k, net assets of $9.1m. It reported 3 employees.