PS 305 Inc

Analysis

PS 305 Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in April 2019, 7 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 December 2022, PS 305 Inc reported income of $319k and spending of $144k, leaving 55% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $228k to $319k (+40%), an average of +40% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 50% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, PS 305 Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Doresh ($319k), Western Washington Theatrical Training TR ($319k) and Leona Tate Foundation for Change Inc ($319k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $89k. At year end it held assets of $368k against liabilities of $0, net assets of $368k. It reported 1 employees.