Prouts Neck Association

Analysis

Prouts Neck Association is a registered charity in United States, based in Scarborough, ME. It received its IRS tax-exemption ruling in March 1955, 71 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Prouts Neck Association reported income of $297k and spending of $151k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $268k to $297k (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2023, when income rose by 114%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Prouts Neck Association sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 56th percentile within ME. Charities of a similar size with the same main cause include Provisions Thrift Store Ministry ($297k), Heartbeat Serving Wounded Warriors ($297k) and Hargrave Foundation ($297k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $11k (7.6% of expenses). Other salaries and wages came to $34k. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 8 employees.