Presence Point Inc

Analysis

Presence Point Inc is a registered charity in United States, based in Grass Valley, CA. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Presence Point Inc reported income of $228k and spending of $341k, spending 150% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $371k to $228k (-39%), an average of -39% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Presence Point Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Wat Pramavihara Inc ($228k), St Peters Human Services Inc ($228k) and Walk on Water Ministries of Central Florida Inc ($228k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.4% of the total. Other salaries and wages came to $82k. At year end it held assets of $122k against liabilities of $0, net assets of $122k. It reported 1 employees.