Prelude Si Corporation

Analysis

Prelude Si Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2024, 2 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Prelude Si Corporation reported income of $250k and spending of $303k, spending 121% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $104k to $250k (+142%), an average of +142% a year. The sharpest change came in the year to June 2024, when income rose by 142%. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Prelude Si Corporation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Deborahs Legacy Inc ($250k), Benet Place South ($250k) and Houlton Housing for the Elderly ($250k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. At year end it held assets of $626k against liabilities of $54k, net assets of $571k.