Praters Mill Foundation Inc

Analysis

Praters Mill Foundation Inc is a registered charity in United States, based in Varnell, GA. It received its IRS tax-exemption ruling in August 1981, 45 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Praters Mill Foundation Inc reported income of $75k and spending of $37k, leaving 51% of income unspent that year. Across the 6 years on record, from September 2019 to December 2023, income fell from $126k to $75k (-41%), an average of -9.9% a year. The sharpest change came in the year to September 2022, when income rose by 139%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Praters Mill Foundation Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within GA. Charities of a similar size with the same main cause include Sunset Hill PTA ($75k), Cherry Creek School Distric Parent Teacher Community Council Inc ($75k) and Turtle Lake Elementary PTA ($75k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.4% and program service revenue 91% of the total. Other salaries and wages came to $2,890. At year end it held assets of $246k against liabilities of $617, net assets of $245k. It reported 1 employees.