Prismid Inc

Analysis

Prismid Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, 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, Prismid Inc reported income of $646k and spending of $253k, leaving 61% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $644k to $646k (+0.4%), an average of +0.2% a year. The sharpest change came in the year to December 2023, when income rose by 223%. Over the whole period it spent 23% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Prismid Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within OR. Charities of a similar size with the same main cause include Josef Gingold Fund for the International Violin Competition O ($646k), Cultural Arts Festivals and Events of Erie ($647k) and Squaxin Island Museum Libray and Research Center Inc ($646k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $92k. It paid $27k in professional fundraising fees. At year end it held assets of $1.5m against liabilities of $376k, net assets of $1.1m.