Principle Wife Inc

Analysis

Principle Wife Inc is a registered charity in United States, based in Lehi, UT. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Principle Wife Inc reported income of $558k and spending of $537k, spending 96% of its income. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Principle Wife Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within UT. Charities of a similar size with the same main cause include Claremont Opera House Inc ($558k), Baton Rouge Gallery Inc ($558k) and Loop It Up Savannah ($558k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.4% of the total. Compensation of current officers, directors and key employees was $43k (8.0% of expenses). Other salaries and wages came to $168k. At year end it held assets of $21k against liabilities of $0, net assets of $21k.