Prime Time House Inc

Analysis

Prime Time House Inc is a registered charity in United States, based in Torrington, CT. It received its IRS tax-exemption ruling in October 1987, 39 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Prime Time House Inc reported income of $1.3m and spending of $1.4m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $999k to $1.3m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2021, when income rose by 58%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Prime Time House Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within CT. Charities of a similar size with the same main cause include Milwaukee Community Service Corps Inc ($1.3m), 640 Improvement Corporation ($1.3m) and Lift Up Carolinas ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $100k (7.3% of expenses). Other salaries and wages came to $661k. At year end it held assets of $1.2m against liabilities of $93k, net assets of $1.1m. It reported 23 employees.