Precinct2gether Inc

Analysis

Precinct2gether Inc is a registered charity in United States, based in Webster, TX. It received its IRS tax-exemption ruling in December 1979, 47 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Precinct2gether Inc reported income of $1.5m and spending of $1.7m, spending 115% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $734k to $1.5m (+100%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 135%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Precinct2gether Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Consumer Debt Counselors Inc ($1.5m), Grace C Mae Advocate Center Inc ($1.5m) and Festival Center Inc ($1.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 101% and program service revenue 2.9% of the total. It paid $89k in professional fundraising fees. At year end it held assets of $1.4m against liabilities of $498k, net assets of $867k.