Pra Building Corporation

Analysis

Pra Building Corporation is a registered charity in United States, based in Broomfield, CO. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Pra Building Corporation reported income of $2.2m and spending of $3.1m, spending 141% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $5.3m to $2.2m (-59%), an average of -16% a year. The sharpest change came in the year to June 2020, when income dropped by 55%. Over the whole period it spent 115% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pra Building Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CO. Charities of a similar size with the same main cause include Homeschool Learning Center Inc ($2.2m), Federated Youth Foundation Inc 1810 South Park Street ($2.2m) and Monroe Christian School Society ($2.2m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $36.2m against liabilities of $39.1m, net assets of -$2.9m.

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.