Premier Capital Corporation

Analysis

Premier Capital Corporation is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in February 1977, 49 years ago. 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 September 2023, Premier Capital Corporation reported income of $1.5m and spending of $1.6m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.5m to $1.5m (+2.0%), an average of +0.5% a year. The sharpest change came in the year to September 2021, when income dropped by 15%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Premier Capital Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within IN. Charities of a similar size with the same main cause include Hope Academy ($1.5m), Baptist Community Affordable Housing Foundation ($1.5m) and Kwong Kow Chinese School ($1.5m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $193k (12% of expenses). Other salaries and wages came to $711k. At year end it held assets of $3.5m against liabilities of $1.0m, net assets of $2.5m. It reported 10 employees.