Prescott Area Shelter Services Inc

Analysis

Prescott Area Shelter Services Inc is a registered charity in United States, based in Prescott, AZ. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Prescott Area Shelter Services Inc reported income of $835k and spending of $607k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $419k to $835k (+99%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 65%. Over the whole period it spent 65% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Prescott Area Shelter Services Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 74th percentile within AZ. Charities of a similar size with the same main cause include DC USA Inc ($835k), Nevins Manor Inc ($835k) and Providence Senior Housing Corporation ($834k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $63k (10% of expenses). Other salaries and wages came to $140k. At year end it held assets of $2.3m against liabilities of $920k, net assets of $1.4m. It reported 17 employees.