Presbyterian College Real Estate Foundation

Analysis

Presbyterian College Real Estate Foundation is a registered charity in United States, based in Clinton, SC. It received its IRS tax-exemption ruling in December 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Presbyterian College Real Estate Foundation reported income of $3.0m and spending of $3.5m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.4m to $3.0m (-53%), an average of -17% a year. The sharpest change came in the year to June 2022, when income rose by 278%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Presbyterian College Real Estate Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within SC. Charities of a similar size with the same main cause include Greenhouse Gas Experts Network Inc ($3.0m), Bet Midrash Ohel Torah ($3.0m) and Program on International Financial Systems Inc ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. At year end it held assets of $55.0m against liabilities of $56.2m, net assets of -$1.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.