Pride Industries

Analysis

Pride Industries is a registered charity in United States, based in Roseville, CA. It received its IRS tax-exemption ruling in July 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Pride Industries reported income of $279.8m and spending of $281.5m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $230.1m to $279.8m (+22%), an average of +5.0% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pride Industries 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 Greater Chicago Food Depository ($275.9m), Action for Boston Community Development ($284.4m) and Second Harvest Heartland ($260.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $2.8m (1.0% of expenses). Other salaries and wages came to $124.3m. At year end it held assets of $160.5m against liabilities of $97.7m, net assets of $62.8m. It reported 6,134 employees.