The Prologue Society Inc

Analysis

The Prologue Society Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in November 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, The Prologue Society Inc reported income of $87k and spending of $75k, spending 86% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $63k to $87k (+38%), an average of +38% a year. The sharpest change came in the year to June 2024, when income rose by 38%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Prologue Society Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 37th percentile within FL. Charities of a similar size with the same main cause include Hope Roots ($87k), Venice Canals Association ($87k) and James Weldon Johnson Literary Foundation Inc ($87k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 15% and program service revenue 40% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.