Pressley Ridge

Analysis

Pressley Ridge is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in February 1943, 83 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Pressley Ridge reported income of $71.3m and spending of $70.4m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $79.9m to $71.3m (-11%), an average of -2.8% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pressley Ridge sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Jevs Human Services ($71.2m), Southern Monterey County Memorial Hospital ($71.5m) and Citizens Options Unlimited Inc ($71.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $1.3m (1.8% of expenses). Other salaries and wages came to $37.2m. At year end it held assets of $39.0m against liabilities of $10.3m, net assets of $28.7m. It reported 1,319 employees.