Presbyterian Home for Children

Analysis

Presbyterian Home for Children is a registered charity in United States, based in Talladega, AL. It received its IRS tax-exemption ruling in August 1949, 77 years ago. 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 June 2023, Presbyterian Home for Children reported income of $3.4m and spending of $3.2m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $3.4m (+17%), an average of +3.9% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Presbyterian Home for Children sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within AL. Charities of a similar size with the same main cause include Omni Montessori School ($3.4m), A Womans Place ($3.4m) and Kansas Rural Water Association ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $136k (4.2% of expenses). Other salaries and wages came to $1.3m. It paid $23k in professional fundraising fees. At year end it held assets of $18.8m against liabilities of $798k, net assets of $18.0m. It reported 82 employees.