Primary
Primary maintains stable finances with consistent revenue and no reported officer compensation.
EIN: 203098700 · Sioux Falls, SD · NTEE: P40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $118K |
| Total Expenses | $114K |
| Program Spending | 90% |
| Net Assets | $51K |
| Transparency Score | 85/100 |
Is Primary Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Primary directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Primary
Primary (EIN: 203098700) is a nonprofit organization based in Sioux Falls, SD, classified under NTEE code P40. The organization reported total revenue of $118K and total assets of $51K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Primary's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Primary is a small nonprofit that has been operating for 21 years, with 11 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of 11.4%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $118K |
| Total Expenses | $114K |
| Surplus / Deficit | +$4K |
| Total Assets | $51K |
| Total Liabilities | $931 |
| Net Assets | $51K |
| Operating Margin | 3.3% |
| Debt-to-Asset Ratio | 1.8% |
| Months of Reserves | 5.4 months |
Financial Health Grade: A
In 2021, Primary reported a surplus of $4K with revenue exceeding expenses, holds 5.4 months of operating reserves (adequate), has a debt-to-asset ratio of 1.8% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2021), Primary's revenue has grown at a compound annual growth rate (CAGR) of 11.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +5.2% | +16.3% | +8.4% |
| 2020 | -2.4% | -26.4% | +42.2% |
| 2019 | -38.8% | -22.4% | -35.9% |
| 2018 | +37.5% | +36.0% | +39.7% |
| 2017 | +160.0% | +101.4% | +47.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Primary with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Primary allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a strong positive for a nonprofit of its size, suggesting a high dedication to mission-focused spending.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Primary:
- Consistent 0% officer compensation, indicating high dedication to mission.
- Low liabilities relative to assets, demonstrating financial stability ($931 liabilities vs. $51,477 assets in 2021).
- Stable revenue generation over the past decade, generally above $100,000.
- Positive net assets, growing from $35,395 in 2012 to $51,477 in 2021.
Frequently Asked Questions about Primary
Is Primary a legitimate charity?
Based on AI analysis of IRS 990 filings, Primary (EIN: 203098700) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Primary spend its money?
Primary directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Primary tax-deductible?
Primary is registered as a tax-exempt nonprofit (EIN: 203098700). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Primary compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Primary is above average for NTEE category P40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Primary located?
Primary is headquartered in Sioux Falls, South Dakota and files with the IRS under EIN 203098700. It is classified under NTEE code P40.
How many years of IRS 990 filings does Primary have?
Primary has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $118K in total revenue.
Is Primary financially stable?
Yes, Primary appears financially stable. In 2021, it had $51,477 in assets against only $931 in liabilities, and its revenues ($118,293) slightly exceeded expenses ($114,341).
How much of Primary's budget goes to executive salaries?
Based on the provided IRS 990 data, Primary has consistently reported 0% officer compensation across all 11 filings, meaning no funds were allocated to executive salaries.
Does Primary have a history of operating deficits?
Primary has experienced some operating deficits in certain years, such as 2019 (expenses $133,642 vs. revenue $115,192) and 2016 (expenses $62,865 vs. revenue $52,650), but also surpluses in others, like 2021 and 2020, indicating fluctuating but generally managed financial performance.
Filing History
IRS 990 filing history for Primary showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Primary's revenue has grown by 195.4%, moving from $40K to $118K. Total assets increased by 1.1% over the same period, from $51K to $51K. Total functional expenses rose by 50.7%, from $76K to $114K. In its most recent filing year (2021), Primary reported a surplus of $4K, with revenue exceeding expenses. The organization holds $931 in liabilities against $51K in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $51K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $118K | $114K | $51K | $931 | — | — |
| 2020 | $112K | $98K | $48K | $907 | — | — |
| 2019 | $115K | $134K | $33K | $971 | — | View 990 |
| 2018 | $188K | $172K | $52K | $1K | — | View 990 |
| 2017 | $137K | $127K | $37K | $2K | — | View 990 |
| 2016 | $53K | $63K | $25K | $482 | — | View 990 |
| 2015 | $77K | $92K | $36K | $753 | — | View 990 |
| 2014 | $212K | $216K | $51K | $1K | — | View 990 |
| 2013 | $141K | $122K | $57K | $3K | — | View 990 |
| 2012 | $45K | $28K | $35K | $0 | — | View 990 |
| 2011 | $40K | $76K | $51K | $33K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $118K, expenses of $114K, and assets of $51K (revenue +5.2% year-over-year).
- 2020: Revenue of $112K, expenses of $98K, and assets of $48K (revenue -2.4% year-over-year).
- 2019: Revenue of $115K, expenses of $134K, and assets of $33K (revenue -38.8% year-over-year).
- 2018: Revenue of $188K, expenses of $172K, and assets of $52K (revenue +37.5% year-over-year).
- 2017: Revenue of $137K, expenses of $127K, and assets of $37K (revenue +160.0% year-over-year).
- 2016: Revenue of $53K, expenses of $63K, and assets of $25K (revenue -31.3% year-over-year).
- 2015: Revenue of $77K, expenses of $92K, and assets of $36K (revenue -63.8% year-over-year).
- 2014: Revenue of $212K, expenses of $216K, and assets of $51K (revenue +50.5% year-over-year).
- 2013: Revenue of $141K, expenses of $122K, and assets of $57K (revenue +210.7% year-over-year).
- 2012: Revenue of $45K, expenses of $28K, and assets of $35K (revenue +13.0% year-over-year).
- 2011: Revenue of $40K, expenses of $76K, and assets of $51K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Primary:
Data Sources and Methodology
This transparency report for Primary is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.