Public Interest Fellowship Foundation

Analysis

Public Interest Fellowship Foundation is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in December 2016, 10 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 August 2023, Public Interest Fellowship Foundation reported income of $6.2m and spending of $3.5m, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to August 2023, income grew from $1.3m to $6.2m (+376%), an average of +48% a year. The sharpest change came in the year to December 2021, when income rose by 113%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Public Interest Fellowship Foundation sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include Compass Montessori Secondary School ($6.2m), Central Florida Preparatory School Inc ($6.2m) and Next Generation Academy Inc ($6.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $139k (4.0% of expenses). Other salaries and wages came to $281k. At year end it held assets of $3.6m against liabilities of $183k, net assets of $3.4m. It reported 20 employees.