P2r Training and Resource Center Inc

Analysis

P2r Training and Resource Center Inc is a registered charity in United States, based in Lorain, OH. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, P2r Training and Resource Center Inc reported income of $873k and spending of $886k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $210k to $873k (+316%), an average of +104% a year. The sharpest change came in the year to December 2022, when income rose by 174%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, P2r Training and Resource Center Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within OH. Charities of a similar size with the same main cause include Grace House Akron Inc ($873k), Gap Ministries of Augusta Inc ($873k) and Food Literacy Center ($873k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $60k (6.8% of expenses). Other salaries and wages came to $314k. At year end it held assets of $96k against liabilities of $2,993, net assets of $93k. It reported 13 employees.