Prism Project

Analysis

Prism Project is a registered charity in United States, based in Grand Blanc, MI. It received its IRS tax-exemption ruling in September 2019, 7 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 December 2023, Prism Project reported income of $839k and spending of $818k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $218k to $839k (+285%), an average of +285% a year. The sharpest change came in the year to December 2023, when income rose by 285%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Prism Project sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MI. Charities of a similar size with the same main cause include Best Payments Foundation ($839k), Fresh Future Farm Inc ($839k) and Minnesota Masonic Charities ($839k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $449k. At year end it held assets of $763k against liabilities of $527k, net assets of $236k. It reported 32 employees.