Adult Center of Prescott

Analysis

Adult Center of Prescott is a registered charity in United States, based in Prescott, AZ. It received its IRS tax-exemption ruling in April 1983, 43 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Adult Center of Prescott reported income of $468k and spending of $720k, spending 154% of what it took in. Across the 5 years on record, from December 2018 to December 2023, income fell from $504k to $468k (-7.3%), an average of -1.9% a year. The sharpest change came in the year to December 2021, when income rose by 230%. Over the whole period it spent 140% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Adult Center of Prescott sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 66th percentile within AZ. Charities of a similar size with the same main cause include Zichron Yehudah Rabbi Yehudah Leib Kagan Memorial Torah Fund ($468k), Habitat for Humanity International Inc ($468k) and National Wheelcats Inc ($468k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $96k (13% of expenses). Other salaries and wages came to $237k. At year end it held assets of $412k against liabilities of $202k, net assets of $210k. It reported 16 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.