Prospect Foundation Inc

Analysis

Prospect Foundation Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in February 1994, 32 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Prospect Foundation Inc reported income of $83k and spending of $45k, leaving 45% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $42k to $83k (+98%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 242%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Prospect Foundation Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within OH. Charities of a similar size with the same main cause include I a a Education Program Inc ($83k), Atlantic Wind Symphony Inc ($83k) and Help of Summerville ($83k).

At year end it held assets of $828k against liabilities of $679k, net assets of $149k.