Samuel Staten Sr Pre-Apprenticeship Program

Analysis

Samuel Staten Sr Pre-Apprenticeship Program is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 2022, 4 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 2023, Samuel Staten Sr Pre-Apprenticeship Program reported income of $3.1m and spending of $585k, leaving 81% of income unspent that year. Across the 4 years on record, from December 2018 to December 2023, income grew from $600 to $3.1m (+516567%), an average of +1629% a year. The sharpest change came in the year to December 2019, when income rose by 16983%. Over the whole period it spent 18% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Samuel Staten Sr Pre-Apprenticeship Program sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include Star of the North Academy ($3.1m), Milestones Services Inc ($3.1m) and Montana State University Billings Foundation & Alumni ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $233k (40% of expenses). Other salaries and wages came to $115k. At year end it held assets of $2.5m against liabilities of $34k, net assets of $2.5m. It reported 12 employees.