Pride Industries One Inc

Analysis

Pride Industries One Inc is a registered charity in United States, based in Roseville, CA. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Pride Industries One Inc reported income of $201.7m and spending of $200.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $98.6m to $201.7m (+104%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pride Industries One Inc 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 100th percentile within CA. Charities of a similar size with the same main cause include Sourceamerica ($197.5m), Goodwill Retail Services Inc ($206.3m) and Goodwill Legacy Group Inc ($181.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.1% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $474k (0.2% of expenses). Other salaries and wages came to $86.5m. At year end it held assets of $75.2m against liabilities of $86.6m, net assets of -$11.3m. It reported 2,224 employees.