Preston Center of Compassion Inc

Analysis

Preston Center of Compassion Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Preston Center of Compassion Inc reported income of $763k and spending of $657k, spending 86% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $742k to $763k (+2.8%), an average of +0.7% a year. The sharpest change came in the year to September 2021, when income rose by 229%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Preston Center of Compassion Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Infinity Visual and Performing Arts Inc ($763k), Wetzel County Committee on Aging Inc ($763k) and Crawford Foundation Inc ($763k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 18% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $78k (12% of expenses). Other salaries and wages came to $411k. At year end it held assets of $1.5m against liabilities of $279k, net assets of $1.2m. It reported 53 employees.