Professionals Reaching Out to the Community-Proc-Foundation Inc

Analysis

Professionals Reaching Out to the Community-Proc-Foundation Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Professionals Reaching Out to the Community-Proc-Foundation Inc reported income of $54k and spending of $51k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $69k to $54k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Professionals Reaching Out to the Community-Proc-Foundation Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within VA. Charities of a similar size with the same main cause include Library Foundation of Lampasas TX ($54k), Los Angeles Chapter of the National Black Mba Association ($54k) and Onalaska Alliance for Sustainable Community ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.3% and program service revenue 97% of the total. At year end it held assets of $53k against liabilities of $0, net assets of $53k.