Pauls Legacy PRC Ventures Inc

Analysis

Pauls Legacy PRC Ventures Inc is a registered charity in United States, based in Simpsonville, KY. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Pauls Legacy PRC Ventures Inc reported income of $199k and spending of $94k, leaving 53% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $28k to $199k (+619%), an average of +619% a year. The sharpest change came in the year to December 2023, when income rose by 619%. Over the whole period it spent 56% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Pauls Legacy PRC Ventures Inc 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 54th percentile, and in the 53rd percentile within KY. Charities of a similar size with the same main cause include Asante Sana ($199k), American Friends Emek Beracha Inc ($199k) and Orphans International Helpline ($199k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 112% of the total. Other salaries and wages came to $40k. At year end it held assets of $107k against liabilities of $0, net assets of $107k. It reported 1 employees.