Polytechnic School

Analysis

Polytechnic School is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in August 1935, 91 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Polytechnic School reported income of $53.4m and spending of $47.4m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $48.5m to $53.4m (+10%), an average of +2.5% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Polytechnic School sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Magnolia Properties Management Inc ($53.4m), Montclair Kimberly Academy Foundation ($53.5m) and Real Journey Academies Inc ($53.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $1.0m (2.1% of expenses). Other salaries and wages came to $22.1m. At year end it held assets of $176.5m against liabilities of $8.8m, net assets of $167.8m. It reported 486 employees.