Prism Quartet Incorporated

Analysis

Prism Quartet Incorporated is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2009, 17 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 May 2023, Prism Quartet Incorporated reported income of $449k and spending of $297k, leaving 34% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $353k to $449k (+27%), an average of +6.1% a year. The sharpest change came in the year to May 2022, when income rose by 61%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Prism Quartet Incorporated sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Basque Foundation Inc ($449k), Krewe of Pyros Foundation ($449k) and The Art Museum of Eastern Idaho Inc ($449k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 94% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $135k (45% of expenses). At year end it held assets of $425k against liabilities of $0, net assets of $425k. It reported 1 employees.