Pressley Ridge-Maryland

Analysis

Pressley Ridge-Maryland is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Pressley Ridge-Maryland reported income of $5.7m and spending of $6.4m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.8m to $5.7m (-36%), an average of -10% a year. The sharpest change came in the year to June 2023, when income dropped by 19%. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pressley Ridge-Maryland sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include African Community Housing & Development ($5.6m), American Opportunity Foundation ($5.7m) and Friendship Ark Inc ($5.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Other salaries and wages came to $2.8m. At year end it held assets of $1.4m against liabilities of $3.0m, net assets of -$1.6m.