Private School Tuition Fund 123

Analysis

Private School Tuition Fund 123 is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 2017, 9 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 June 2023, Private School Tuition Fund 123 reported income of $215k and spending of $546k, spending 254% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $294k to $215k (-27%), an average of -9.9% a year. The sharpest change came in the year to June 2022, when income rose by 294%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Private School Tuition Fund 123 sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within AZ. Charities of a similar size with the same main cause include Newcomb Academy Foundation ($215k), Premier River City Futbol Club ($215k) and Kids 360 Early Learning Academy Inc ($215k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $42k (7.8% of expenses). At year end it held assets of $418k against liabilities of $0, net assets of $418k.