Prime Productions

Analysis

Prime Productions is a registered charity in United States, based in St Louis Park, MN. It received its IRS tax-exemption ruling in January 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 December 2023, Prime Productions reported income of $50k and spending of $115k, spending 228% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $254k to $50k (-80%), an average of -56% a year. The sharpest change came in the year to December 2022, when income dropped by 68%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Prime Productions sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 16th percentile within MN. Charities of a similar size with the same main cause include Korean-American Association of ($50k), Portland Chapter of the Internation Al Institute of Building Enclosure ($50k) and Symphony of the Vines ($50k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 164% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $16k (14% of expenses). At year end it held assets of $211k against liabilities of $0, net assets of $211k.