Public Assistants Inc

Analysis

Public Assistants Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Public Assistants Inc reported income of $219k and spending of $127k, leaving 42% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $74k to $219k (+197%), an average of +197% a year. The sharpest change came in the year to June 2023, when income rose by 197%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Public Assistants 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 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Bay Area Educational Theater Company ($219k), Friends of Clermont ($219k) and New Jersey Foundation for Dance and Theatre Arts ($219k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $18k (14% of expenses). At year end it held assets of $138k against liabilities of $0, net assets of $138k.