Profound Gentlemen Inc

Analysis

Profound Gentlemen Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in March 2016, 10 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 June 2023, Profound Gentlemen Inc reported income of $2.2m and spending of $1.2m, leaving 46% of income unspent that year. Across the 4 years on record, from July 2019 to June 2023, income grew from $1.2m to $2.2m (+84%), an average of +22% a year. The sharpest change came in the year to July 2021, when income rose by 60%. Over the whole period it spent 64% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Profound Gentlemen Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include MV Youth Inc ($2.2m), City Kids to Wilderness Project Inc ($2.2m) and Ela Soccer Club ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $483k. At year end it held assets of $4.8m against liabilities of $1.1m, net assets of $3.7m. It reported 15 employees.