Preambula Group

Analysis

Preambula Group is a registered charity in United States, based in Conway, PA. It received its IRS tax-exemption ruling in May 2020, 6 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, Preambula Group reported income of $705k and spending of $614k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $242k to $705k (+192%), an average of +31% a year. The sharpest change came in the year to December 2020, when income rose by 108%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Preambula Group sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within PA. Charities of a similar size with the same main cause include Heart Reach Neighborhood Ministries ($705k), Sonscape Ministries ($705k) and Lenox Hill Bikur Cholim Inc ($704k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $163k (26% of expenses). Other salaries and wages came to $204k. At year end it held assets of $282k against liabilities of $66, net assets of $282k. It reported 6 employees.