Prescor Inc

Analysis

Prescor Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in August 1990, 36 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Prescor Inc reported income of $858k and spending of $459k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $479k to $858k (+79%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Prescor Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include An Achievable Dream Inc ($858k), Center for Human Entrepreneurshipservices Inc ($858k) and Pat-A-Cake Inc ($858k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 85% of the total. At year end it held assets of $9.7m against liabilities of $9.1m, net assets of $564k.