Prism Streetlights Inc

Analysis

Prism Streetlights Inc is a registered charity in United States, based in Warwick, RI. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Prism Streetlights Inc reported income of $2.6m and spending of $2.4m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.3m to $2.6m (+108%), an average of +28% a year. The sharpest change came in the year to June 2021, when income rose by 160%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Prism Streetlights Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 84th percentile within RI. Charities of a similar size with the same main cause include Camp Spofford Inc ($2.6m), Yad Ezra Inc ($2.6m) and Mobility Management Partners Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $62k. At year end it held assets of $1.3m against liabilities of $8,465, net assets of $1.3m. It reported 1 employees.