Principia Corporation

Analysis

Principia Corporation is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in October 1951, 75 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Principia Corporation reported income of $85.5m and spending of $101.1m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $101.3m to $85.5m (-16%), an average of -4.1% a year. The sharpest change came in the year to June 2022, when income rose by 136%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Principia Corporation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MO. Charities of a similar size with the same main cause include Augusta University Research Institute Inc ($85.4m), Southwest Charter Foundation Inc ($85.5m) and The Masters University and Seminary ($85.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $2.4m (2.4% of expenses). Other salaries and wages came to $34.5m. At year end it held assets of $1.14bn against liabilities of $59.3m, net assets of $1.08bn. It reported 1,219 employees.