Perseus House Inc

Analysis

Perseus House Inc is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in October 1972, 54 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Perseus House Inc reported income of $12.6m and spending of $12.7m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.8m to $12.6m (+6.5%), an average of +1.6% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Perseus House Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include Hospice of the Valley ($12.6m), Brooklyn Community Housing and Services Inc ($12.6m) and United Methodist Homes and Services ($12.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $401k (3.2% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $9.5m against liabilities of $1.2m, net assets of $8.3m. It reported 252 employees.