Principles Inc

Analysis

Principles Inc is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in September 1983, 43 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Principles Inc reported income of $19.5m and spending of $18.4m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.5m to $19.5m (+44%), an average of +9.6% a year. The sharpest change came in the year to June 2020, when income rose by 31%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Principles Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Vesta Inc ($19.5m), Onpoint Health Data ($19.5m) and Meeting House Lane Medical Practice PC ($19.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $883k (4.8% of expenses). Other salaries and wages came to $10.1m. At year end it held assets of $108.7m against liabilities of $10.6m, net assets of $98.2m. It reported 175 employees.