Prizm Ensemble

Analysis

Prizm Ensemble is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in August 2013, 13 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 June 2023, Prizm Ensemble reported income of $277k and spending of $297k, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $186k to $277k (+49%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 102%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Prizm Ensemble sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within TN. Charities of a similar size with the same main cause include Boston Ground Water Trust ($277k), Unlab Inc ($277k) and Moon & Stars Foundation ($277k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 8.6% of the total. Compensation of current officers, directors and key employees was $42k (14% of expenses). Other salaries and wages came to $46k. At year end it held assets of $72k against liabilities of $4,856, net assets of $67k.