Priorities Inc

Analysis

Priorities Inc is a registered charity in United States, based in Yuba City, CA. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2023, Priorities Inc reported income of $1.2m and spending of $1.6m, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.2m (-22%), an average of -6.0% a year. The sharpest change came in the year to June 2023, when income dropped by 35%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Priorities Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Indiana Valley Public Improvement Corporation ($1.2m), Colorado Laborers & Contractors Education & Training Fund ($1.2m) and Path Partners ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $131k (8.4% of expenses). Other salaries and wages came to $598k. At year end it held assets of $375k against liabilities of $774k, net assets of -$399k. It reported 26 employees.