PRS Holdings Foundation

Analysis

PRS Holdings Foundation is a registered charity in United States, based in Jurupa Valley, CA. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2024, PRS Holdings Foundation reported income of $82k and spending of $62k, leaving 24% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $22k to $82k (+273%), an average of +93% a year. The sharpest change came in the year to June 2023, when income rose by 110%. Over the whole period it spent 42% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, PRS Holdings Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within CA. Charities of a similar size with the same main cause include Terrance Richardson Dreambelievework Foundation Inc ($82k), Miss Kentucky Scholarship Foundation Inc ($82k) and Hands of Love Foundation Inc ($82k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $86k against liabilities of $0, net assets of $86k.