Prefund

Analysis

Prefund is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in April 2009, 17 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 August 2023, Prefund reported income of $3.1m and spending of $3.0m, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.7m to $3.1m (+13%), an average of +3.0% a year. The sharpest change came in the year to August 2021, when income rose by 51%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Prefund 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 90th percentile within CA. Charities of a similar size with the same main cause include Dwayne Peaslee Technical Training Center Inc ($3.1m), Constructing Hope Pre- Apprenticeship Program ($3.1m) and Tandem Partners in Early Learning ($3.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 8.2% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $125k (4.2% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $1.9m against liabilities of $395k, net assets of $1.5m. It reported 34 employees.