PERC, Inc. receives contributions from U.S. donors that are distributed to qualified schools, environmental organizations and other community service organizations in the Abaco region of the Bahamas. During 2019 and continuing through 2021 supporting the recovery from the extensive damage caused by Hurricane Dorian was a major program focus. The organization has no paid staff or facilities, and virtually all of the donations received by it are redirected to Bahamian charities and community organizations. PERC, INC. does not provide segregated program services and therefore does not receive grants or incur expenses for this purpose. Its sole mission is to qualify selected Bahamian charities and service organizations as bona fides and then, following guidance provided by donors, contribute virtually all funds donated by them.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 8 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $117K a year · 9% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
4 mo
of spending, in cash
Looks good: 4.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $40K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$928K
+0.7% vs prior year
Spent
$1.2M
To programs
100%
Net assets
$401K
By yearFY2020–FY2025
Revenue
$928K
FY2025▲ +0.7%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.2M
FY2021$1.3M
FY2022$972K
FY2023$1.1M
FY2024$922K
FY2025$928K
Expenses
$1.2M
FY2025▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.5M
FY2021$1.6M
FY2022$885K
FY2023$923K
FY2024$1.1M
FY2025$1.2M
Net assets
$401K
FY2025▼ -36%
Tap a bar for its year
Net assets by fiscal year
FY2020$643K
FY2021$450K
FY2022$537K
FY2023$689K
FY2024$625K
FY2025$401K

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1999.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $1.2M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer (former)
$0Pt VII · Sec A
Asst Secretary
$0Pt VII · Sec A
See P E R C INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Distributes donations to schools, churches, and community groups in the Bahamas.

Questions for P E R C INC

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Your first name shows with your question. P E R C INC answers here, for everyone.

Provided by the organization

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1 program · $13K · in their own filed words · FY2025
01

Facilitated the pass through of meaningful donations to 14 different community service orientated vetted organizations focused on the restoration, improvement, and community support of the Abacos Bahamas

$13Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$40K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$928K
Ln 12
Gifts and grantsLn 1h$928K
Money outPt IX
$1.2M
Ln 25
Programscol B$1.2M
Owns and owesPt X
$401K
net assets · Ln 32
Cash and savingsLn 1–2$401K
Total assetsLn 16$401K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$928K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Total revenueLn 12$928K
Assets in detailPt X, end of year
CashLn 1$401K
Cash and savings togetherLn 1–2$401K
Total assetsLn 16$401K
LiabilitiesLn 26$0
Net assetsLn 32$401K
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$634K$401K
Total assetsLn 16$634K$401K
LiabilitiesLn 26$0$0
Net assetsLn 32$634K$401K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$1.1M$1.1M
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$311$311$0$0
Professional fundraising feesLn 11e$0
Office expensesLn 13$145$145
Information technologyLn 14$2K$2K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$9K$9K$0$0
Total functional expensesLn 25$1.2M$1.2M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $928K$1.2M−$233K$401K 990 PDF
FY2024 $922K$1.1M−$153K$625K 990 PDF
FY2023 $1.1M$923K$152K$689K 990 PDF
FY2022 $972K$885K$87K$537K 990 PDF
FY2021 $1.3M$1.6M−$269K$450K 990 PDF
FY2020 $2.2M$2.5M−$283K$643K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $928,476 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $922,353$928,476
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $922,353$928,476
I-13 Grants and similar amounts paidPrior year $1,066,048$1,148,225
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $9,005$12,867
I-18 Total expensesPrior year $1,075,053$1,161,092
I-19 Revenue less expensesPrior year −$152,700−$232,616
Part VI · Governance 0 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $928,476 across 10 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$928,476
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$928,476
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$928,476
Part IX · Statement of functional expenses $1,161,092 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $1,148,225$1,148,225
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $311 · Management $0 · Fundraising $0$311
IX-13 Office expensesPrograms $145$145
IX-14 Information technologyPrograms $1,779$1,779
IX-23 InsurancePrograms $1,410$1,410
IX-24 Other expenses (24a–d)Programs $9,222 · Management $0 · Fundraising $0$9,222
IX-25 Total functional expensesPrograms $1,161,092 · Management $0 · Fundraising $0$1,161,092
Part X · Balance sheet $401,070 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $633,686$401,070
X-16 Total assetsStart of year $633,686$401,070
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $633,686$401,070
X-33 Total liabilities and net assetsStart of year $633,686$401,070
Part XI · Reconciliation of net assets $401,070 net assets at year end
XI-1 Total revenue$928,476
XI-2 Total expenses$1,161,092
XI-3 Revenue less expenses−$232,616
XI-4 Net assets at start of year$633,686
XI-10 Net assets at end of year$401,070

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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