Prompt Institute

Analysis

Prompt Institute is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Prompt Institute reported income of $3.3m and spending of $3.3m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $3.3m (+6.4%), an average of +1.6% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Prompt Institute sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NM. Charities of a similar size with the same main cause include Taking Control of Your Diabetes ($3.3m), Riverview Estates Inc ($3.3m) and Nurture KC ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $90k (2.7% of expenses). Other salaries and wages came to $774k. At year end it held assets of $1.6m against liabilities of $290k, net assets of $1.3m. It reported 14 employees.