The Primavera Foundation Inc

Analysis

The Primavera Foundation Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in February 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, The Primavera Foundation Inc reported income of $8.8m and spending of $9.4m, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $10.6m to $8.8m (-17%), an average of -6.1% a year. The sharpest change came in the year to June 2023, when income dropped by 27%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Primavera Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within AZ. Charities of a similar size with the same main cause include Cook Inlet Housing Development Corp ($8.8m), Neighborhood Nonprofit Housing Corporation ($8.8m) and North Coast Energy Services Incorporated ($8.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $312k (3.3% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $17.6m against liabilities of $2.4m, net assets of $15.1m. It reported 247 employees.