Propel America

Analysis

Propel America is a registered charity in United States, based in Boston, MA. 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 2023, Propel America reported income of $12.0m and spending of $6.2m, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $12.0m (+347%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 141%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Propel America 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 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Western Illinois University Foundation ($12.0m), Pillar College Inc ($12.0m) and Vacaville Christian Academy ($12.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.3% of the total. Compensation of current officers, directors and key employees was $622k (10% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $9.0m against liabilities of $18k, net assets of $8.9m. It reported 38 employees.