Pride Inc

Analysis

Pride Inc is a registered charity in United States, based in Bismarck, ND. It received its IRS tax-exemption ruling in March 1976, 50 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2023, Pride Inc reported income of $16.6m and spending of $16.2m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.1m to $16.6m (+3.6%), an average of +0.9% a year. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pride Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within ND. Charities of a similar size with the same main cause include Homestart Inc ($16.6m), Southwest Organizing Project ($16.7m) and Abilities Unlimited of Jonesboro Incorporated ($16.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $291k (1.8% of expenses). Other salaries and wages came to $9.8m. At year end it held assets of $18.5m against liabilities of $3.2m, net assets of $15.3m. It reported 473 employees.