Friends of Prescott Inc

Analysis

Friends of Prescott Inc is a registered charity in United States, based in Groton, MA. It received its IRS tax-exemption ruling in August 2016, 10 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 December 2023, Friends of Prescott Inc reported income of $230k and spending of $307k, spending 133% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $87k to $230k (+163%), an average of +38% a year. The sharpest change came in the year to December 2021, when income rose by 105%. Over the whole period it spent 116% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Prescott Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within MA. Charities of a similar size with the same main cause include Denver Actors Fund Inc ($230k), Arts in Education of the Gorge ($230k) and 728 Cadets Corp ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 57% of the total. Other salaries and wages came to $144k. At year end it held assets of $4,293 against liabilities of $1,901, net assets of $2,392.