Prometheus Radio Project

Analysis

Prometheus Radio Project is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 2020, 6 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 June 2024, Prometheus Radio Project reported income of $56k and spending of $53k, spending 95% of its income. Across the 3 years on record, from June 2020 to June 2024, income grew from $16k to $56k (+244%), an average of +85% a year. The sharpest change came in the year to June 2024, when income rose by 236%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Prometheus Radio Project sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within PA. Charities of a similar size with the same main cause include Flux Theatre Ensemble Inc ($56k), Cantus Novus ($56k) and Export Borough Historical Society ($56k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 12% and program service revenue 8.8% of the total. At year end it held assets of $79k against liabilities of $9,690, net assets of $69k.