PRG Inc

Analysis

PRG Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in June 1978, 48 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, PRG Inc reported income of $1.0m and spending of $851k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $827k to $1.0m (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, PRG Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MN. Charities of a similar size with the same main cause include Philly Seeds Inc ($1.0m), Paco Housing Corporation I ($1.0m) and Tenth Memorial Nonprofit Development Corporation ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $149k (18% of expenses). Other salaries and wages came to $423k. At year end it held assets of $4.2m against liabilities of $2.3m, net assets of $1.9m. It reported 10 employees.