Premier Payee Inc

Analysis

Premier Payee Inc is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in December 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Premier Payee Inc reported income of $1.1m and spending of $953k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $525k to $1.1m (+103%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 50%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Premier Payee Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within IA. Charities of a similar size with the same main cause include North Georgia Works Inc ($1.1m), American Society of Cataract and Refractive Surgery Foundation ($1.1m) and Cricket Debt Counseling ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 84% of the total. Compensation of current officers, directors and key employees was $66k (7.0% of expenses). Other salaries and wages came to $493k. At year end it held assets of $939k against liabilities of $23k, net assets of $916k. It reported 16 employees.