Prichard Committee for Academic Excellence

Analysis

Prichard Committee for Academic Excellence is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in September 1983, 43 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, Prichard Committee for Academic Excellence reported income of $3.8m and spending of $3.3m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $3.8m (+200%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 112%. Over the whole period it spent 117% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Prichard Committee for Academic Excellence sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within KY. Charities of a similar size with the same main cause include Sigma Chi Leadership Institute ($3.8m), Havern Center Inc ($3.8m) and Workers Defense Project Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $213k (6.4% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $5.9m against liabilities of $610k, net assets of $5.3m. It reported 23 employees.