Prescott Park Arts Festival Inc
Prescott Park Arts Festival maintains stable assets and zero officer compensation despite recent revenue dip.
EIN: 20370018 · Portsmouth, NH · NTEE: A200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $1.7M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.7M |
| Transparency Score | 90/100 |
Is Prescott Park Arts Festival Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Prescott Park Arts Festival Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Prescott Park Arts Festival Inc
Prescott Park Arts Festival Inc (EIN: 20370018) is a nonprofit organization based in Portsmouth, NH, classified under NTEE code A200. The organization reported total revenue of $2.0M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prescott Park Arts Festival Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Prescott Park Arts Festival Inc is a mid-size nonprofit that has been operating for 43 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 8.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-222,334 |
| Total Assets | $1.7M |
| Total Liabilities | $16K |
| Net Assets | $1.7M |
| Operating Margin | -15.4% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 12.1 months |
Financial Health Grade: B
In 2023, Prescott Park Arts Festival Inc reported a deficit of $222K with expenses exceeding revenue, holds 12.1 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Prescott Park Arts Festival Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.2% | +10.3% | -11.4% |
| 2022 | +65.0% | +36.9% | +31.1% |
| 2021 | +113.3% | +72.2% | +6.6% |
| 2020 | -59.1% | -55.9% | -5.3% |
| 2019 | +14.0% | -0.7% | -5.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Prescott Park Arts Festival Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Prescott Park Arts Festival Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $222K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is highly unusual for an organization with over $1 million in annual revenue and suggests a strong commitment to directing funds towards its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Prescott Park Arts Festival Inc's IRS 990 filings:
- Expenses exceeded revenue in 2023 by $222,334, leading to a decrease in net assets.
Strengths
The following positive indicators were identified for Prescott Park Arts Festival Inc:
- Consistent 0% officer compensation across all filings, indicating strong mission focus.
- Low liabilities, demonstrating sound financial management and minimal debt.
- Strong asset base, consistently over $1.3 million, providing financial stability.
- Significant annual revenue, often exceeding $1 million, indicating strong community support and fundraising capabilities.
- Long filing history (14 filings) suggests established operations and compliance.
Frequently Asked Questions about Prescott Park Arts Festival Inc
Is Prescott Park Arts Festival Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Prescott Park Arts Festival Inc (EIN: 20370018) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Prescott Park Arts Festival Inc spend its money?
Prescott Park Arts Festival Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Prescott Park Arts Festival Inc tax-deductible?
Prescott Park Arts Festival Inc is registered as a tax-exempt nonprofit (EIN: 20370018). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Prescott Park Arts Festival Inc CEO make?
Prescott Park Arts Festival Inc's highest-compensated officer earns $1 annually. The organization reported $2.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Prescott Park Arts Festival Inc's spending goes to programs?
Prescott Park Arts Festival Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Prescott Park Arts Festival Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Prescott Park Arts Festival Inc is above average for NTEE category A200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Prescott Park Arts Festival Inc located?
Prescott Park Arts Festival Inc is headquartered in Portsmouth, New Hampshire and files with the IRS under EIN 20370018. It is classified under NTEE code A200.
How many years of IRS 990 filings does Prescott Park Arts Festival Inc have?
Prescott Park Arts Festival Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.0M in total revenue.
How does Prescott Park Arts Festival Inc manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be entirely volunteer-based, compensated through other entities, or that the organization's structure minimizes traditional executive salaries, which is highly uncommon for an organization of its size and revenue.
What caused the significant increase in revenue in 2022 to $1,952,136, and the subsequent decrease in 2023 to $1,439,855?
The provided data does not specify the reasons for these fluctuations. It could be due to particularly successful fundraising campaigns, major grants, or increased attendance/sponsorships in 2022, followed by a return to more typical levels or specific challenges in 2023.
Are the liabilities of $16,086 in 2023 a concern?
No, liabilities of $16,086 are very low relative to the organization's assets of $1,672,434 and annual expenses of $1,662,189. This indicates excellent financial management and minimal debt burden.
Filing History
IRS 990 filing history for Prescott Park Arts Festival Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Prescott Park Arts Festival Inc's revenue has grown by 176%, moving from $522K to $1.4M. Total assets increased by 255.4% over the same period, from $471K to $1.7M. Total functional expenses rose by 295.1%, from $421K to $1.7M. In its most recent filing year (2023), Prescott Park Arts Festival Inc reported a deficit of $222K, with expenses exceeding revenue. The organization holds $16K in liabilities against $1.7M in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.7M | $1.7M | $16K | — | — |
| 2022 | $2.0M | $1.5M | $1.9M | $10K | — | View 990 |
| 2021 | $1.2M | $1.1M | $1.4M | $0 | — | View 990 |
| 2020 | $555K | $639K | $1.4M | $3K | — | View 990 |
| 2019 | $1.4M | $1.4M | $1.4M | $0 | — | View 990 |
| 2018 | $1.2M | $1.5M | $1.5M | $0 | — | View 990 |
| 2017 | $1.4M | $1.4M | $1.8M | $0 | — | View 990 |
| 2016 | $1.3M | $1.3M | $1.8M | $0 | — | View 990 |
| 2015 | $1.3M | $1.2M | $1.8M | $0 | — | View 990 |
| 2014 | $1.4M | $958K | $1.8M | $0 | — | View 990 |
| 2013 | $1.2M | $773K | $1.3M | $0 | — | View 990 |
| 2012 | $815K | $640K | $887K | $0 | — | View 990 |
| 2011 | $761K | $523K | $708K | $0 | — | View 990 |
| 2010 | $522K | $421K | $471K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.7M, and assets of $1.7M (revenue -26.2% year-over-year).
- 2022: Revenue of $2.0M, expenses of $1.5M, and assets of $1.9M (revenue +65.0% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.1M, and assets of $1.4M (revenue +113.3% year-over-year).
- 2020: Revenue of $555K, expenses of $639K, and assets of $1.4M (revenue -59.1% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.4M, and assets of $1.4M (revenue +14.0% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.5M, and assets of $1.5M (revenue -15.8% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.4M, and assets of $1.8M (revenue +7.2% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.3M, and assets of $1.8M (revenue +3.9% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.2M, and assets of $1.8M (revenue -9.0% year-over-year).
- 2014: Revenue of $1.4M, expenses of $958K, and assets of $1.8M (revenue +14.0% year-over-year).
- 2013: Revenue of $1.2M, expenses of $773K, and assets of $1.3M (revenue +50.0% year-over-year).
- 2012: Revenue of $815K, expenses of $640K, and assets of $887K (revenue +7.1% year-over-year).
- 2011: Revenue of $761K, expenses of $523K, and assets of $708K (revenue +46.0% year-over-year).
- 2010: Revenue of $522K, expenses of $421K, and assets of $471K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Prescott Park Arts Festival Inc:
Data Sources and Methodology
This transparency report for Prescott Park Arts Festival Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.