Prime Factor

Analysis

Prime Factor is a registered charity in United States, based in Kirkland, WA. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2023, Prime Factor reported income of $312k and spending of $313k, spending 100% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $236k to $312k (+32%), an average of +7.2% a year. The sharpest change came in the year to July 2020, when income rose by 35%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Prime Factor sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within WA. Charities of a similar size with the same main cause include Phi Eta Sigma National Honor Society Inc ($312k), Springdale Park Elementary School Parents and Teachers Organization ($312k) and Keene Valley Library Association ($312k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 1.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $78k (25% of expenses). Other salaries and wages came to $48k. At year end it held assets of $104k against liabilities of $0, net assets of $104k. It reported 5 employees.