Prime Coalition Inc

Analysis

Prime Coalition Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Prime Coalition Inc reported income of $9.9m and spending of $10.5m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.3m to $9.9m (+6.5%), an average of +1.6% a year. The sharpest change came in the year to December 2021, when income rose by 168%. Over the whole period it spent 49% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Prime Coalition Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Tampa Hillsborough Homeless Initiative ($9.9m), Intercultural Family Services Inc ($9.9m) and Associates for Human Services Inc ($9.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $1.1m (10% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $94.9m against liabilities of $36.3m, net assets of $58.6m. It reported 21 employees.