Perpetual Use Inc

Analysis

Perpetual Use Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in May 2023, 3 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Perpetual Use Inc reported income of $1.0m and spending of $706k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $195k to $1.0m (+432%), an average of +432% a year. The sharpest change came in the year to December 2023, when income rose by 432%. Over the whole period it spent 86% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Perpetual Use Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Friends of Congaree Swamp ($1.0m), Butte-Yuba-Sutter Water Quality Coalition ($1.0m) and Iowa Valley Resource Conservation & Development ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $164k (23% of expenses). Other salaries and wages came to $174k. At year end it held assets of $374k against liabilities of $41k, net assets of $333k. It reported 6 employees.