Prime Support Inc

Analysis

Prime Support Inc is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in September 2017, 9 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 June 2023, Prime Support Inc reported income of $516k and spending of $729k, spending 141% of what it took in. Across the 6 years on record, from June 2018 to June 2023, income grew from $337k to $516k (+53%), an average of +8.9% a year. The sharpest change came in the year to June 2019, when income rose by 541%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Prime Support Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Havenwood Inc ($516k), Discovery Child Care Learning Center ($516k) and Long Branch Area Young Mens Christian Association ($516k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $50k (6.8% of expenses). Other salaries and wages came to $417k. At year end it held assets of $218k against liabilities of $105k, net assets of $113k. It reported 176 employees.