Prepass Safety Alliance

Analysis

Prepass Safety Alliance is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 1994, 32 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 September 2023, Prepass Safety Alliance reported income of $196.5m and spending of $149.6m, leaving 24% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $126.0m to $196.5m (+56%), an average of +12% a year. The sharpest change came in the year to September 2022, when income rose by 20%. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Prepass Safety Alliance sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within AZ. Charities of a similar size with the same main cause include Gmto Corporation ($194.7m), Los Angeles Philharmonic Association ($208.1m) and Museum Associates ($194.5m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 90% of the total. Compensation of current officers, directors and key employees was $2.4m (1.6% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $534.7m against liabilities of $458.7m, net assets of $76.0m. It reported 21 employees.