Primitive Methodist Investment Foundation

Analysis

Primitive Methodist Investment Foundation is a registered charity in United States, based in Swoyersville, PA. It received its IRS tax-exemption ruling in February 2014, 12 years ago. 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, Primitive Methodist Investment Foundation reported income of $278k and spending of $575k, spending 207% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $1,692 to $278k (+16354%), an average of +16354% a year. The sharpest change came in the year to December 2023, when income rose by 16354%. Over the whole period it spent 332% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Primitive Methodist Investment Foundation sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within PA. Charities of a similar size with the same main cause include Colorado Association of Conservation Districts ($278k), Rocky Mountain Oncology Society Inc ($278k) and Hall of Fame Committee of Um Inc ($278k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 21% of the total. Compensation of current officers, directors and key employees was $30k (5.2% of expenses). At year end it held assets of $8.7m against liabilities of $9.4m, net assets of -$706k. It reported 1 employees.