Poverty and Race Research Action Council

Analysis

Poverty and Race Research Action Council is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 1991, 35 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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, Poverty and Race Research Action Council reported income of $1.6m and spending of $1.6m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.6m (-3.7%), an average of -0.9% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Poverty and Race Research Action Council sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 62nd percentile within DC. Charities of a similar size with the same main cause include Perinton Youth Hockey Inc ($1.6m), Radio Ambulante Studios Inc ($1.6m) and Performing Arts Workshop Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $247k (15% of expenses). Other salaries and wages came to $650k. At year end it held assets of $2.6m against liabilities of $576k, net assets of $2.0m. It reported 10 employees.