Priority One Schools Inc

Analysis

Priority One Schools Inc is a registered charity in United States, based in Alcoa, TN. It received its IRS tax-exemption ruling in April 1989, 37 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, Priority One Schools Inc reported income of $5.2m and spending of $5.0m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $5.2m (+59%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Priority One Schools Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within TN. Charities of a similar size with the same main cause include NJ Onnuri Community Church Corp ($5.2m), Om Sri Sai Balaji Temple and Cultural Center Inc ($5.2m) and Ohr Chadash Congregation Inc ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $171k (3.4% of expenses). Other salaries and wages came to $99k. At year end it held assets of $571k against liabilities of $209k, net assets of $362k. It reported 4 employees.