Prism United

Analysis

Prism United is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 United reported income of $167k and spending of $176k, spending 106% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $154k to $167k (+8.2%), an average of +8.2% a year. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Prism United sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within AL. Charities of a similar size with the same main cause include Outfitters Inc ($167k), Love Inc Des Moines ($167k) and Boone County Agricultural Education Center Inc ($167k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $50k (28% of expenses). Other salaries and wages came to $2,536. At year end it held assets of $84k against liabilities of $1,525, net assets of $82k. It reported 1 employees.