Podsieinc

Nonprofit profile at a glance

EIN
862787137
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024
Location
Austin, TX, USA
Phone
8325206046
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Sector
Nonmonetary Support N.E.C.

Official website

Reported finances

Revenue
$53,149
Expenses
$107,207
Assets
$63,047
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

1 person listed

Executive titles in this filing

  • Joshua Ling (President & CEO)

People named in this filing

  • Joshua Ling (President & CEO)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our organization builds free learning software that improves student learning outcomes for K-12 students. Our software leverages various research-backed strategies and makes them easy for K-12 teachers and students to implement in their classrooms on a daily basis. We also work with learning science researchers to enable them to run studies through our software and make breakthroughs on the science of learning.

What it reported doing in 2024

We provided 2000 teachers and 20000 students with free access to our web platform, and we helped improve student learning outcomes for those students by helping them easily use research-backed learning strategies. We also worked with learning science researchers at CMU and The University of Memphis to help them conduct a study on the efficacy of spaced retrieval practice in the classroom. This research was supported by an NSF grant.

Operating model

Revenue model
Donor-supported. 81% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 28
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -101.7%; rating input score 8; 8th percentile among comparable filings
  • Total-asset coverage ratio: 0.59; rating input score 33; 33rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 25.1% per year; rating input score 100; 85th percentile among comparable filings
  • Revenue growth: 57.5% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: 6.2% per year; rating input score 100; 62nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $107K in reported program spending
  • Leadership: top reported pay $0 · 1 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 8/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.