Precious Living Inc

Analysis

Precious Living Inc is a registered charity in United States, based in Stone MTN, GA. It received its IRS tax-exemption ruling in September 2007, 19 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 December 2023, Precious Living Inc reported income of $373k and spending of $381k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $290k to $373k (+28%), an average of +6.5% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Precious Living Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within GA. Charities of a similar size with the same main cause include Syv Fruit & Vegetable Rescue ($373k), Alpha Womens Center ($373k) and Senior Advocates for Generational Equity Inc ($373k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $38k (10.0% of expenses). At year end it held assets of -$18k against liabilities of $0, net assets of -$18k. It reported 1 employees.