Primelife Enrichment Inc

Analysis

Primelife Enrichment Inc is a registered charity in United States, based in Carmel, IN. It received its IRS tax-exemption ruling in March 1978, 48 years ago. 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, Primelife Enrichment Inc reported income of $187k and spending of $401k, spending 214% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income fell from $903k to $187k (-79%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 73%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Primelife Enrichment Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within IN. Charities of a similar size with the same main cause include Marys Place Inc ($187k), Heartland Center for Leadership Development Inc ($187k) and Ashland Rescue Squad Inc ($187k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $182k (45% of expenses). At year end it held assets of $1.4m against liabilities of $549k, net assets of $839k. It reported 7 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.