Pacific Education Institute

Analysis

Pacific Education Institute is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Pacific Education Institute reported income of $2.1m and spending of $1.9m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $2.1m (+84%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Pacific Education Institute sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within WA. Charities of a similar size with the same main cause include Lagrant Foundation ($2.1m), Washington Progress Fund ($2.1m) and Elizabeth Deblois Charitable Trust DTD 113068 ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $1.4m against liabilities of $86k, net assets of $1.3m. It reported 21 employees.