PRC

Analysis

PRC is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in May 1993, 33 years ago. 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 2023, PRC reported income of $13.1m and spending of $12.9m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.8m to $13.1m (+176%), an average of +29% a year. The sharpest change came in the year to June 2020, when income rose by 104%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, PRC sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Elderly Housing Management Inc ($13.1m), Rumson Country Day School ($13.1m) and Apprenticeship & Training Trust Fund Ua Local 342 ($13.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $949k (7.3% of expenses). Other salaries and wages came to $3.7m. It paid $138k in professional fundraising fees. At year end it held assets of $13.2m against liabilities of $10.9m, net assets of $2.3m. It reported 62 employees.