GPS EDUCATION PARTNERS INC
Mission Statement
GPS Education Partners mission statement is to serve as an innovative model that leverages business, education, and public/private collaborations to accelerate the preparation of high school students for technical careers and post-secondary education. We exist to foster a narrative of success for students that is not limited to traditional educational attainment activities exclusively and by extension will challenge the current educational systems’ ability to serve the needs of all students. We envision a time where all students have access to a high-quality Work Based Learning Experiences as a central part of their career and education planning resulting in more informed careers, alignment of interest to opportunity, reduced costs associated with education and unemployment and non-career employment activities. Our Niche: Credentialed, work-based learning
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
75.9% | 77.9% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
13.6% | 14.4% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
10.5% | 5.4% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
10.0 mo | 16.5 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
21.1% | 10.6% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
66.4% | 74.5% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
36.1% | 7.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
13.5% | 8.0% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
18.6% | -0.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $6.5M | $5.3M | $4.4M | 75.9% | 48 |
| 2023 | $4.8M | $4.7M | $3.4M | 76.4% | 55 |
| 2022 | $6.4M | $4.3M | $3.2M | 79.5% | 54 |
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