The Jared Prescott Charitable Trust

Analysis

The Jared Prescott Charitable Trust is a registered charity in United States, based in Centerville, UT. It received its IRS tax-exemption ruling in October 1993, 33 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, The Jared Prescott Charitable Trust reported income of $126k and spending of $73k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $19k to $126k (+563%), an average of +563% a year. The sharpest change came in the year to December 2023, when income rose by 563%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Jared Prescott Charitable Trust sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within UT. Charities of a similar size with the same main cause include Sages Theater Inc ($126k), Samaritan Counseling Center ($126k) and Fill This House Incorporated ($126k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $269k against liabilities of $0, net assets of $269k.