Prout Research Institute

Analysis

Prout Research Institute is a registered charity in United States, based in Marshall, NC. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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, Prout Research Institute reported income of $123k and spending of $13k, leaving 90% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $223k to $123k (-45%), an average of -45% a year. The sharpest change came in the year to December 2023, when income dropped by 45%. Over the whole period it spent 4.6% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Prout Research Institute sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NC. Charities of a similar size with the same main cause include All Childrens Chorus of Annapolis Inc ($123k), Raleigh Chinese Language School ($123k) and For the Love of the Arts Inc ($123k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $430k against liabilities of $100k, net assets of $330k.