Per Scholas Inc
Overview
Mission
Per scholas is a national organization that has been advancing economic mobility for 30 years through rigorous training, professional development, and robust employer connections. We are building a future where successful careers in tech are accessible to everyone across urban, suburban, and rural communities, empowering individuals to unlock their potential and drive transformative economic change nationwide.
What it reported doing in 2024
Vocational training - since 1995, we've offered no-cost tech training to more than 30,000 technologists in the most sought-after tech skills, generating over $2 billion in increased personal earnings. On average, our learners earn 3x their pre-training wage in their first role after per scholas. With 20+ campuses and remote programs, we partner with employers --from fortune 500 companies to startups --to create inclusive talent pipelines in fields like cloud, cybersecurity, data engineering, it support, and software engineering. More than half of our learners hold a high school diploma as their highest educational credential.
Operating model
- Revenue model
- Donor-supported. 77% of the money available for current operations came from contributions.
- Distribution model
- Direct operator. The nonprofit carried out 100% of its reported program work directly.
Nonprofit profile at a glance
- EIN
- 043252955
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024
- Headquarters
- Bronx, NY, USA
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Services
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and the filing reports few safeguards for setting executive pay.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 84
- Accountability: 97
- Sustainability: 42
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.1%; rating input score 79
- Program expense ratio: 80%; rating input score 80
- Fundraising efficiency: $11.56 raised per $1 spent on fundraising; rating input score 45; 45th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 71st percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 94.7%; rating input score 95; 45th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 2%; rating input score 42; 42nd percentile among comparable filings
- Operating reserve ratio: 1.03; rating input score 40; 40th percentile among comparable filings
- Liabilities to assets ratio: 0.39; rating input score 46; 46th percentile among comparable filings
- Officer compensation ratio: 2.9%; rating input score 39; 39th percentile among comparable filings
Growth
- Program expense growth: 23.7% per year; rating input score 100; 94th percentile among comparable filings
- Revenue growth: 24.2% per year; rating input score 100; 95th percentile among comparable filings
- Asset growth: 27.5% per year; rating input score 100; 97th percentile among comparable filings
Details
- Where the money goes: 79.1% of revenue deployed · 80% of spending went to programs
- Governance: 18 of 19 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $54.9M in reported program spending
- Leadership: top reported pay $491K · 30 people listed · 3 of 6 pay-setting controls reported
- Consistency: 38 of 38 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 7 annual filings from 2017 to 2024
- Money network: 8 filed money-flow records