The Pacific Pride Foundation Inc

Analysis

The Pacific Pride Foundation Inc is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in January 1978, 48 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, The Pacific Pride Foundation Inc reported income of $1.1m and spending of $1.1m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.4m to $1.1m (-19%), an average of -5.2% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Pacific Pride Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Far West Center ($1.1m), Boy Scouts of America ($1.1m) and Apprentices & Journeymen TRNG FD of the Flint PLBG & Pipefitting Ind ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 102% and program service revenue 6.5% of the total. Compensation of current officers, directors and key employees was $191k (17% of expenses). Other salaries and wages came to $414k. It paid $30k in professional fundraising fees. At year end it held assets of $1.9m against liabilities of $273k, net assets of $1.6m. It reported 12 employees.