Philadelphia Performing Arts a String Theory Charter School
Philadelphia Performing Arts a String Theory Charter School reported $60.9 million in revenue and $58.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $74.55 went to program services, $25.45 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 84.5% of the total. Government grants made up 13.5%. The highest compensation it reported for one person was $262,393 (CEO & PRINCIPAL). 6 people received more than $100,000 in reportable compensation. Revenue rose 58% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $59MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $61MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 74.6% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 25.4% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 13.7% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 13.5% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 84.5% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $262,393 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.45% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 6 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 2.9 | 13.3 |
| Independent voting board members Part VI 1a–1b | 6 of 6 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseHighest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO & PRINCIPAL Officer, 40.00 hrs/week | $189,231 | $0 | $73,162 | $262,393 |
| PRINCIPAL Highest compensated employee, 40.00 hrs/week | $142,132 | $0 | $74,507 | $216,639 |
| SPECIAL ED DIRECTOR Highest compensated employee, 40.00 hrs/week | $144,809 | $0 | $69,967 | $214,776 |
| CHIEF ACADEMIC OFFICER Highest compensated employee, 40.00 hrs/week | $138,434 | $0 | $73,253 | $211,687 |
| SPEC ED SUPER Highest compensated employee, 40.00 hrs/week | $135,597 | $0 | $72,292 | $207,889 |
| PSYCHOLOGIST Highest compensated employee, 40.00 hrs/week | $169,139 | $0 | $17,470 | $186,609 |
6 people received more than $100,000 in reportable compensation from Philadelphia Performing Arts a String Theory Charter School (Part VII, line 2). Compensation of current officers, directors and key employees totaled $189K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b6 · 6 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5380
- Volunteers Part I, line 6100
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| MASCHIO'S FOOD SERVICES INC Food service | $1,700,758 |
| GAMUT BEHAVIORAL SERVICES Professional services | $697,587 |
| SAND & SAIDEL PC Legal services | $690,598 |
| ABINGTON SPEECH PATHOLOGY Professional services | $535,405 |
| FLAWLESS TOUCH CLEANING LLC Cleaning services | $450,680 |
Individuals listed as contractors are left out. 42 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to Philadelphia Performing Arts a String Theory Charter School totaling $216 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Philadelphia Performing Arts a String Theory Charter School's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Philadelphia Performing Arts a String Theory Charter School, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Philadelphia Performing Arts a String Theory Charter School spent in FY2025, $74.55 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Fenton Charter Public SchoolsSun Valley, CA · revenue $61M · programs 87.8% · FY2025
- The Berkshire SchoolSheffield, MA · revenue $61M · programs 79.7% · FY2025
- The Thacher SchoolOjai, CA · revenue $61M · programs 48.6% · FY2025
- Greenwich AcademyGreenwich, CT · revenue $61M · programs 79.7% · FY2025
- University of Mount OliveMount Olive, NC · revenue $61M · programs 78.1% · FY2025
Questions people ask
How much of Philadelphia Performing Arts a String Theory Charter School's spending goes to programs?
In the fiscal year ending June 30, 2025, Philadelphia Performing Arts a String Theory Charter School reported that 74.6% of its $58.9 million in expenses went to program services, 25.4% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Philadelphia Performing Arts a String Theory Charter School pay its top executive?
The largest total compensation Philadelphia Performing Arts a String Theory Charter School reported for one person in the fiscal year ending June 30, 2025 was $262,393, for the role of CEO & PRINCIPAL (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Philadelphia Performing Arts a String Theory Charter School get its money?
Of $60.9 million in revenue in the fiscal year ending June 30, 2025, 13.7% came from contributions and grants (including 13.5% from government grants) and 84.5% from program service revenue (Form 990, Part VIII).
Is Philadelphia Performing Arts a String Theory Charter School a registered charity?
The IRS lists EIN 23-3040987 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202601359349307225 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501329349304250 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441349349304469 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301309349303305 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221369349315382 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131329349302128 · read the filing
All filings for EIN 23-3040987: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.