Peruna East Corporation

Analysis

Peruna East Corporation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Peruna East Corporation reported income of $92k and spending of $9.9m, spending 10689% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $131k to $92k (-29%), an average of -8.3% a year. The sharpest change came in the year to May 2020, when income rose by 96%. Over the whole period it spent 1860% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Peruna East Corporation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within TX. Charities of a similar size with the same main cause include South Dakota Retailers Association Educational Trust Fund ($92k), Einstein School Foundation ($92k) and Festival Acadiens Et Creole ($92k).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $8.7m against liabilities of $17.6m, net assets of -$8.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.