Prospect House Inc

Analysis

Prospect House Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in May 1971, 55 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Prospect House Inc reported income of $1.5m and spending of $1.5m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.6m to $1.5m (-4.5%), an average of -1.5% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Prospect House Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within OH. Charities of a similar size with the same main cause include VHL Alliance Inc ($1.5m), Sunnyview Hospital and Rehabilitation Center Foundation I ($1.5m) and Texas Alcoholism Foundation Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $205k (14% of expenses). Other salaries and wages came to $607k. At year end it held assets of $3.4m against liabilities of $262k, net assets of $3.2m. It reported 36 employees.