Prama Institute

Analysis

Prama Institute is a registered charity in United States, based in Marshall, NC. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Prama Institute reported income of $356k and spending of $352k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $272k to $356k (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Prama Institute sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within NC. Charities of a similar size with the same main cause include Oktep Oklahoma Tribal Engagement Partners Inc ($356k), Care Mission USA ($356k) and Levi Endowment Foundation ($356k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $99k (28% of expenses). Other salaries and wages came to $86k. At year end it held assets of $338k against liabilities of $125k, net assets of $213k. It reported 12 employees.