Prescott Park Arts Festival Inc

Analysis

Prescott Park Arts Festival Inc is a registered charity in United States, based in Portsmouth, NH. It received its IRS tax-exemption ruling in June 1983, 43 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Prescott Park Arts Festival Inc reported income of $1.4m and spending of $1.7m, spending 115% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.2m to $1.4m (+21%), an average of +3.9% a year. The sharpest change came in the year to December 2021, when income rose by 113%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Prescott Park Arts Festival Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within NH. Charities of a similar size with the same main cause include St Paul Neighborhood Network ($1.4m), Knology Ltd ($1.4m) and Kentucky Railway Museum Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 7.5% of the total. Other salaries and wages came to $543k. At year end it held assets of $1.7m against liabilities of $16k, net assets of $1.7m.