Persevere

Analysis

Persevere is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Persevere reported income of $11.4m and spending of $11.2m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $814k to $11.4m (+1295%), an average of +93% a year. The sharpest change came in the year to December 2021, when income rose by 180%. Over the whole period it spent 97% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Persevere sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within UT. Charities of a similar size with the same main cause include Cho-Yeh Camp and Conference Center ($11.3m), Boys & Girls Clubs of Metro Los Angeles ($11.4m) and Boys and Girls Clubs of Tampa Bay Inc ($11.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $108k (1.0% of expenses). Other salaries and wages came to $6.8m. At year end it held assets of $2.1m against liabilities of $1.4m, net assets of $714k. It reported 215 employees.