Premiere Charities Inc

Analysis

Premiere Charities Inc is a registered charity in United States, based in Newark, DE. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Premiere Charities Inc reported income of $266k and spending of $215k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $62k to $266k (+332%), an average of +44% a year. The sharpest change came in the year to December 2020, when income rose by 86%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Premiere Charities Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 54th percentile within DE. Charities of a similar size with the same main cause include Next Step Clubhouse ($266k), Lee County Homeless Coalition Inc ($266k) and Abrahams House ($266k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $12k (5.6% of expenses). At year end it held assets of $207k against liabilities of $3,625, net assets of $203k.