Prescott Charities Inc

Analysis

Prescott Charities Inc is a registered charity in United States, based in Prescott, AZ. It received its IRS tax-exemption ruling in August 1986, 40 years ago. 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, Prescott Charities Inc reported income of $240k and spending of $122k, leaving 49% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $67k to $240k (+259%), an average of +29% a year. The sharpest change came in the year to December 2020, when income rose by 234%. Over the whole period it spent 31% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Prescott Charities Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within AZ. Charities of a similar size with the same main cause include Avoda ($240k), Clay County Senior Citizens Inc ($240k) and Metairie Humane ($240k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.9% and program service revenue 32% of the total. At year end it held assets of $4.4m against liabilities of $0, net assets of $4.4m.