Perea Elementary School

Analysis

Perea Elementary School is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in July 2017, 9 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Perea Elementary School reported income of $7.9m and spending of $6.6m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $7.9m (+153%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 65%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Perea Elementary School 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 94th percentile, and in the 95th percentile within TN. Charities of a similar size with the same main cause include MDC Inc ($7.9m), Summerville Family Young Mens Christian Association ($7.9m) and Hispanic Unity of Florida Inc ($7.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $217k (3.3% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $6.2m against liabilities of $540k, net assets of $5.7m. It reported 73 employees.