Premierlife

Analysis

Premierlife is a registered charity in United States, based in Lees Summit, MO. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Premierlife reported income of $116k and spending of $4,986, leaving 96% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $96k to $116k (+21%), an average of +4.9% a year. The sharpest change came in the year to March 2021, when income rose by 125%. Over the whole period it spent 16% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Premierlife sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 38th percentile within MO. Charities of a similar size with the same main cause include Hamilton Park Homes Inc ($116k), View the Future Inc ($116k) and Fulfilling Housing Inc ($116k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 36% of the total. At year end it held assets of $3.0m against liabilities of $275k, net assets of $2.7m.