Princeton Prospect Foundation

Analysis

Princeton Prospect Foundation is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in March 1961, 65 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Princeton Prospect Foundation reported income of $4.6m and spending of $1.1m, leaving 75% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $646k to $4.6m (+605%), an average of +63% a year. The sharpest change came in the year to June 2023, when income rose by 187%. Over the whole period it spent 37% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Princeton Prospect Foundation sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Questa Education Foundation Inc ($4.6m), Nysut Education and Learning TR ($4.6m) and The Tau Beta Pi Association Inc ($4.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. At year end it held assets of $9.0m against liabilities of $17, net assets of $9.0m.