Prentice House Inc

Analysis

Prentice House Inc is a registered charity in United States, based in Ashland, WI. It received its IRS tax-exemption ruling in November 1992, 34 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 December 2023, Prentice House Inc reported income of $1.4m and spending of $1.2m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.4m (-4.3%), an average of -1.1% a year. The sharpest change came in the year to December 2021, when income dropped by 19%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Prentice House Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within WI. Charities of a similar size with the same main cause include Second Chance Foods ($1.4m), Jamie Barwick Hills and Dales Foundation ($1.4m) and LMC Children Services Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $115k (9.9% of expenses). Other salaries and wages came to $545k. At year end it held assets of $634k against liabilities of $219k, net assets of $415k. It reported 19 employees.