Principle Foundation

Analysis

Principle Foundation is a registered charity in United States, based in Overland Park, KS. It received its IRS tax-exemption ruling in December 1959, 67 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, Principle Foundation reported income of $2.7m and spending of $2.8m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.7m (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2020, when income rose by 49%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Principle Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within KS. Charities of a similar size with the same main cause include Cinequest Inc ($2.7m), Fox Valley Technical College Foundation Inc ($2.7m) and The Susan B Anthony House Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $156k (5.5% of expenses). Other salaries and wages came to $997k. At year end it held assets of $6.3m against liabilities of $1.0m, net assets of $5.3m. It reported 22 employees.