Precious Life Center

Analysis

Precious Life Center is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in August 2012, 14 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, Precious Life Center reported income of $558k and spending of $648k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $510k to $558k (+9.5%), an average of +2.3% a year. The sharpest change came in the year to December 2020, when income rose by 86%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Precious Life Center sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within OH. Charities of a similar size with the same main cause include Elkton Community Education Center ($558k), Farm to School of Park County ($558k) and Happy Tots Daycare Center Inc ($558k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $65k (10.0% of expenses). Other salaries and wages came to $109k. At year end it held assets of $254k against liabilities of $0, net assets of $254k. It reported 15 employees.