Trust Agreement Pennsylvania Independent Schools Insurance

Analysis

Trust Agreement Pennsylvania Independent Schools Insurance is a registered charity in United States, based in Wexford, PA. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Trust Agreement Pennsylvania Independent Schools Insurance reported income of $3.2m and spending of $3.8m, spending 120% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income grew from $2.3m to $3.2m (+37%), an average of +11% a year. The sharpest change came in the year to August 2023, when income rose by 31%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Trust Agreement Pennsylvania Independent Schools Insurance sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include Lonely Entrepreneur Inc ($3.2m), Citizens Christian Academy ($3.2m) and Winchendon School - Brooklyn ($3.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $208k against liabilities of $585k, net assets of -$377k.