Primax Foundation Inc

Analysis

Primax Foundation Inc is a registered charity in United States, based in LA Mirada, CA. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 December 2023, Primax Foundation Inc reported income of $113k and spending of $303k, spending 267% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $218k to $113k (-48%), an average of -15% a year. The sharpest change came in the year to December 2020, when income rose by 1287%. Over the whole period it spent 18% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Primax Foundation Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Kids of Costa Rica Inc ($113k), Academic Foundation for International Cultural Exchange ($113k) and Puresa Humanitarian ($113k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 24% of the total. Other salaries and wages came to $3,815. At year end it held assets of $4.5m against liabilities of $23, net assets of $4.5m. It reported 1 employees.