The Premier Foundation

Analysis

The Premier Foundation is a registered charity in United States, based in Greer, SC. It received its IRS tax-exemption ruling in April 2015, 11 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, The Premier Foundation reported income of $2.5m and spending of $2.5m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $989k to $2.5m (+151%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 521%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Premier Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within SC. Charities of a similar size with the same main cause include Davar Partners International ($2.5m), Sky Ranch at Cave Springs Inc ($2.5m) and Southeast Gwinnett Cooperative Ministry ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $158k (6.4% of expenses). Other salaries and wages came to $146k. At year end it held assets of $1.4m against liabilities of $508, net assets of $1.4m. It reported 4 employees.