Prelude Strings

Analysis

Prelude Strings is a registered charity in United States, based in Santa Ana, CA. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Prelude Strings reported income of $79k and spending of $70k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $115k to $79k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Prelude Strings sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within CA. Charities of a similar size with the same main cause include Sea City Work Camp Inc ($79k), South Carolina Black Pride Inc ($79k) and Transitions Foundation-Nc Inc ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 98% of the total. At year end it held assets of $87k against liabilities of $0, net assets of $87k.