Pursuit 53

Analysis

Pursuit 53 is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in June 2019, 7 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, Pursuit 53 reported income of $580k and spending of $395k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $294k to $580k (+97%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Pursuit 53 sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include House of Peace and Enlightenment ($580k), Association of Institutions of Jewish Studies ($580k) and Pope Leo Xiii Institute Inc ($579k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $70k (18% of expenses). Other salaries and wages came to $64k. At year end it held assets of $494k against liabilities of $134k, net assets of $360k. It reported 2 employees.