Persad Center Inc

Analysis

Persad Center Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in November 1980, 46 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 June 2023, Persad Center Inc reported income of $2.7m and spending of $2.6m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.7m (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Persad Center Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Partnership for Learning ($2.7m), Glide Revitalization ($2.7m) and Boy Scouts of America ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $191k (7.3% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $991k against liabilities of $853k, net assets of $138k. It reported 38 employees.