Precision Institute

Analysis

Precision Institute is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in July 2019, 7 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 December 2023, Precision Institute reported income of $695k and spending of $651k, spending 94% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $687k to $695k (+1.2%), an average of +0.6% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Precision Institute sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 70th percentile within DE. Charities of a similar size with the same main cause include National Aviation Research and Technology Park Inc ($694k), Springfield Electrical Jatc TR ($695k) and West Virginia High Technology Consortium Foundation ($694k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 17% of the total. At year end it held assets of $150k against liabilities of $0, net assets of $150k.