Precious Ones Learning & Outreach Inc

Analysis

Precious Ones Learning & Outreach Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 2017, 9 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 2023, Precious Ones Learning & Outreach Inc reported income of $1.1m and spending of $880k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $399k to $1.1m (+168%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 81%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Precious Ones Learning & Outreach Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MD. Charities of a similar size with the same main cause include Curts Closet ($1.1m), Clerestory Inc ($1.1m) and Community Legal Center ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $354k (40% of expenses). At year end it held assets of $309k against liabilities of $118k, net assets of $191k.