Prassion Inc

Analysis

Prassion Inc is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Prassion Inc reported income of $78k and spending of $349k, spending 449% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $380k to $78k (-80%), an average of -33% a year. The sharpest change came in the year to December 2020, when income dropped by 78%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Prassion Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within VA. Charities of a similar size with the same main cause include Van Wert Rotary Foundation ($78k), Dunwoody Rotary Charitable Fund ($78k) and Friends of the Alger Theater ($78k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $8,500. At year end it held assets of $368k against liabilities of $0, net assets of $368k.