Peregrine Corp

Analysis

Peregrine Corp is a registered charity in United States, based in S Portland, ME. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Peregrine Corp reported income of $6.8m and spending of $7.7m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.9m to $6.8m (-1.2%), an average of -0.3% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Peregrine Corp sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within ME. Charities of a similar size with the same main cause include Good Stuff Thrift Inc ($6.8m), Area Agency on Aging for the Counties of Brad Sull Susq and Tio ($6.8m) and Council for Educational Travel ($6.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.4% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $447k (5.8% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $8.5m against liabilities of $1.5m, net assets of $7.0m. It reported 176 employees.