Prudence Island School Foundation

Analysis

Prudence Island School Foundation is a registered charity in United States, based in Prudence Isl, RI. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2024, Prudence Island School Foundation reported income of $94k and spending of $92k, spending 99% of its income. Across the 4 years on record, from August 2021 to August 2024, income fell from $310k to $94k (-70%), an average of -33% a year. The sharpest change came in the year to August 2022, when income dropped by 62%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Prudence Island School Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 30th percentile within RI. Charities of a similar size with the same main cause include Impacts Transitional Life-Skill Center Inc ($94k), Newnan Dugout Club Inc ($94k) and Bronco Band Boosters Inc ($94k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 97% and program service revenue 2.6% of the total. Other salaries and wages came to $49k. At year end it held assets of $435k against liabilities of $38k, net assets of $397k. It reported 3 employees.