Api Fund for Payroll Education Inc

Analysis

Api Fund for Payroll Education Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in January 1996, 30 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 December 2023, Api Fund for Payroll Education Inc reported income of $10.7m and spending of $12.9m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.7m to $10.7m (+0.1%), an average of +0.0% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 126% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Api Fund for Payroll Education Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Montessori Association of New York ($10.7m), Northland Christian School ($10.7m) and Yinghua Academy ($10.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 92% of the total. Compensation of current officers, directors and key employees was $3.7m (29% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $14.7m against liabilities of $1.5m, net assets of $13.2m. It reported 114 employees.

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.