Precede Foundation Inc

Analysis

Precede Foundation Inc is a registered charity in United States, based in Red Hook, NY. It received its IRS tax-exemption ruling in October 2020, 6 years ago. 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, Precede Foundation Inc reported income of $1.4m and spending of $519k, leaving 63% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $241k to $1.4m (+476%), an average of +140% a year. The sharpest change came in the year to December 2023, when income rose by 869%. Over the whole period it spent 43% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Precede Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include The Heritage Association of Rogersville ($1.4m), Peru Volunteer Ambulance Service Inc ($1.4m) and Catholic Charities of the Diocese of Greensburg ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $112k (22% of expenses). At year end it held assets of $1.0m against liabilities of $649, net assets of $1.0m. It reported 2 employees.