Prescott College Inc

Analysis

Prescott College Inc is a registered charity in United States, based in Prescott, AZ. It received its IRS tax-exemption ruling in May 1975, 51 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Prescott College Inc reported income of $23.2m and spending of $22.0m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.3m to $23.2m (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2020, when income rose by 29%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Prescott College Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within AZ. Charities of a similar size with the same main cause include Woodstock Academy ($23.2m), Lincoln Hall ($23.2m) and Summit School ($23.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $607k (2.8% of expenses). Other salaries and wages came to $9.3m. At year end it held assets of $32.3m against liabilities of $10.8m, net assets of $21.5m. It reported 557 employees.