Pryme Corp

Analysis

Pryme Corp is a registered charity in United States, based in South Weber, UT. It received its IRS tax-exemption ruling in October 2003, 23 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, Pryme Corp reported income of $790k and spending of $797k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $821k to $790k (-3.7%), an average of -0.9% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pryme Corp sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within UT. Charities of a similar size with the same main cause include Society of Samaritans Inc ($790k), Aim High ($790k) and Because He Lives Ministry Inc ($790k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $161k (20% of expenses). Other salaries and wages came to $186k. At year end it held assets of $203k against liabilities of $79k, net assets of $123k. It reported 10 employees.