Pressley Ridge Foundation

Analysis

Pressley Ridge Foundation is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in April 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Pressley Ridge Foundation reported income of $3.1m and spending of $2.6m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.0m to $3.1m (-23%), an average of -6.4% a year. The sharpest change came in the year to June 2022, when income rose by 431%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pressley Ridge Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include Peace Academy Charter ($3.1m), Friends of Central Queens Academy Inc ($3.1m) and Legacy Christian School Inc ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% of the total. Compensation of current officers, directors and key employees was $259k (9.8% of expenses). Other salaries and wages came to $172k. At year end it held assets of $73.2m against liabilities of $830k, net assets of $72.4m.