Paltrek

Analysis

Paltrek is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2018, 8 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 December 2023, Paltrek reported income of $417k and spending of $567k, spending 136% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $641k to $417k (-35%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Paltrek sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Harbour Pointe Montessori Early Learning Center ($417k), Society of Asian Academic Surgeons ($417k) and Gateway Community and Technical College Foundation Inc ($417k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% of the total. At year end it held assets of $235k against liabilities of $8,584, net assets of $226k.