Piercing Word Inc

Analysis

Piercing Word Inc is a registered charity in United States, based in Akron, PA. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Piercing Word Inc reported income of $614k and spending of $579k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $364k to $614k (+69%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Piercing Word Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include Proprietors Portsmouth Athenaeum ($614k), McMullen County Foundation for Educational Excellence ($614k) and Perry County Literacy Council ($614k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $55k (9.5% of expenses). Other salaries and wages came to $215k. At year end it held assets of $88k against liabilities of $8,157, net assets of $79k. It reported 10 employees.