Prescott House

Analysis

Prescott House is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in July 1987, 39 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 December 2023, Prescott House reported income of $1.1m and spending of $787k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $456k to $1.1m (+141%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Prescott House 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 80th percentile, and in the 84th percentile within AL. Charities of a similar size with the same main cause include Healing Strides of Va ($1.1m), Electrical and Computer Engineering Department Heads Association ($1.1m) and East Islip Soccer Club ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $115k (15% of expenses). Other salaries and wages came to $383k. At year end it held assets of $812k against liabilities of $14k, net assets of $798k. It reported 10 employees.