Prologue Inc

Analysis

Prologue Inc is a registered charity in United States, based in Pikesville, MD. It received its IRS tax-exemption ruling in July 1983, 43 years ago. 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, Prologue Inc reported income of $7.8m and spending of $7.2m, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $6.5m to $7.8m (+20%), an average of +6.2% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Prologue Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include Young Mens Christian Association of Fanwood-Scotch Plains ($7.8m), Project Live Inc ($7.8m) and The Northwest Minnesota Foundation ($7.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 47% of the total. Other salaries and wages came to $3.3m. At year end it held assets of $9.2m against liabilities of $4.0m, net assets of $5.2m. It reported 129 employees.