Public Works Academy Inc

Analysis

Public Works Academy Inc is a registered charity in United States, based in Saint Petersburg, FL. It received its IRS tax-exemption ruling in January 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2022, Public Works Academy Inc reported income of $117k and spending of $134k, spending 115% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $234k to $117k (-50%), an average of -21% a year. The sharpest change came in the year to December 2022, when income dropped by 40%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Public Works Academy Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 45th percentile within FL. Charities of a similar size with the same main cause include Pasco Education Foundation ($117k), Pell City Rotary Club Foundation ($117k) and Hopkinton Parent Teacher Organization ($117k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 103% of the total. At year end it held assets of $178k against liabilities of $0, net assets of $178k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.