Profound Ladies Inc

Analysis

Profound Ladies Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2024, Profound Ladies Inc reported income of $611k and spending of $469k, leaving 23% of income unspent that year. Across the 3 years on record, from May 2022 to May 2024, income fell from $615k to $611k (-0.7%), an average of -0.3% a year. The sharpest change came in the year to May 2024, when income rose by 188%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Profound Ladies Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include City Elementary ($611k), Colleen E Ritzer Memorial Fund Inc ($611k) and San Luis Obispo County Elect Joint Appenticeship & Training TR Fund ($611k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $225k (48% of expenses). Other salaries and wages came to $13k. At year end it held assets of $313k against liabilities of $9,559, net assets of $303k.