Prentice Place

Analysis

Prentice Place is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 2005, 21 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 Place reported income of $768k and spending of $819k, spending 107% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $472k to $768k (+63%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 38%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Prentice Place sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within IL. Charities of a similar size with the same main cause include Connors Heroes Foundation ($767k), Amnion Crisis Pregnancy Center ($768k) and Chenango Health Network Inc ($767k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $511k. At year end it held assets of $61k against liabilities of $147k, net assets of -$86k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.