Precision Services Inc

Analysis

Precision Services Inc is a registered charity in United States, based in Gassaway, WV. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover human services, 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 June 2024, Precision Services Inc reported income of $1.1m and spending of $1.2m, spending 112% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.4m to $1.1m (-22%), an average of -6.1% a year. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Precision Services Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within WV. Charities of a similar size with the same main cause include Family Support Organization of Burlington County Inc ($1.1m), Washakie County Senior Citizens Center ($1.1m) and Fayette County Council on Domestic Violence Inc ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.1% and program service revenue 93% of the total. Other salaries and wages came to $850k. At year end it held assets of $1.2m against liabilities of $61k, net assets of $1.2m. It reported 51 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.