Prime Produce Limited

Analysis

Prime Produce Limited is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Prime Produce Limited reported income of $1.2m and spending of $1.2m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $211k to $1.2m (+491%), an average of +56% a year. The sharpest change came in the year to December 2021, when income rose by 575%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Prime Produce Limited sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Janes Fund ($1.2m), Nashau Ice Skating Center Corp ($1.2m) and 4rkids ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 9.1% of the total. At year end it held assets of $248k against liabilities of $30k, net assets of $217k.