Prospect Hill Community Foundation Inc

Analysis

Prospect Hill Community Foundation Inc is a registered charity in United States, based in Waltham, MA. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Prospect Hill Community Foundation Inc reported income of $56k and spending of $48k, spending 85% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $16k to $56k (+252%), an average of +252% a year. The sharpest change came in the year to June 2023, when income rose by 252%. Over the whole period it spent 123% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Prospect Hill Community Foundation Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 31st percentile within MA. Charities of a similar size with the same main cause include Apple Core Project Inc ($56k), Catholic Engaged Encounter of Washington ($56k) and Fashioned in His Image Total Womens Center Inc ($56k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.