Professional Services Council Foundation

Analysis

Professional Services Council Foundation is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in March 1982, 44 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 December 2023, Professional Services Council Foundation reported income of $352k and spending of $506k, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $492k to $352k (-28%), an average of -8.0% a year. The sharpest change came in the year to December 2020, when income dropped by 19%. Over the whole period it spent 132% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Professional Services Council Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within VA. Charities of a similar size with the same main cause include Wide Open Walls ($352k), Fuel Freedom Foundation ($353k) and Historical Society of the New York Courts ($352k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $314k. At year end it held assets of $62k against liabilities of $1.2m, net assets of -$1.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.