Priesthood Support Funds Inc

Analysis

Priesthood Support Funds Inc is a registered charity in United States, based in Garden Grove, CA. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Priesthood Support Funds Inc reported income of $686k and spending of $1.1m, spending 166% of what it took in. Across the 6 years on record, from May 2019 to May 2024, income grew from $438k to $686k (+57%), an average of +9.4% a year. The sharpest change came in the year to May 2022, when income rose by 16%. Over the whole period it spent 188% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Priesthood Support Funds Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include 21 Wilberforce Global Freedom Center ($685k), Kollel Torah Inc ($686k) and Christian Television Network Inc ($685k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of -$864k against liabilities of $0, net assets of -$864k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.