PPL Support Corporation

Analysis

PPL Support Corporation is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, PPL Support Corporation reported income of $176k and spending of $1.2m, spending 663% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.0m to $176k (-91%), an average of -45% a year. The sharpest change came in the year to June 2020, when income dropped by 95%. Over the whole period it spent 148% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, PPL Support Corporation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within RI. Charities of a similar size with the same main cause include SJCTC Driver Education Program Inc ($176k), Auxiliary to South Texas Health System Inc ($176k) and Saxtons River Montessori School Inc ($176k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $28.1m against liabilities of $27.2m, net assets of $857k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.