Prism Reports Inc

Analysis

Prism Reports Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Prism Reports Inc reported income of $1.8m and spending of $1.8m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.8m (+34%), an average of +7.7% a year. The sharpest change came in the year to December 2020, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Prism Reports Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Colorado Rocky Mountain School Foundation ($1.8m), Community Based Activity Program Inc ($1.8m) and Degree Partners ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $229k (13% of expenses). Other salaries and wages came to $850k. At year end it held assets of $950k against liabilities of $10k, net assets of $939k. It reported 15 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.