Prime Time House Inc
Prime Time House Inc: Consistent Mission, Financial Fluctuations
EIN: 222719755 · Torrington, CT · NTEE: J330 · Updated: 2026-04-04
Is Prime Time House Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Prime Time House Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Prime Time House Inc
Prime Time House Inc (EIN: 222719755) is a nonprofit organization based in Torrington, CT, classified under NTEE code J330. The organization reported total revenue of $1.1M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prime Time House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Prime Time House Inc with a Mission Score of 85 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: 75%
- fundraising: 10%
According to IRS 990 filings, Prime Time House Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation appears reasonable, with the highest paid individual receiving $92,895 in 2023, which is appropriate for an organization of this size and revenue.
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 Prime Time House Inc's IRS 990 filings:
- Experienced a significant revenue drop from $1,881,157 in 2022 to $1,261,336 in 2023.
- Net assets have shown some volatility, decreasing from $1,274,509 in 2022 to $1,215,759 in 2023.
Strengths
The following positive indicators were identified for Prime Time House Inc:
- Maintains a positive net asset position, indicating financial stability.
- Consistently reports program service accomplishments, aligning with its mission.
- Has a history of operations dating back to at least 2016, demonstrating longevity.
Frequently Asked Questions about Prime Time House Inc
Is Prime Time House Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Prime Time House Inc (EIN: 222719755) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Prime Time House Inc spend its money?
Prime Time House Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Prime Time House Inc tax-deductible?
Prime Time House Inc is registered as a tax-exempt nonprofit (EIN: 222719755). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Prime Time House Inc do?
Prime Time House Inc is a nonprofit organization in the Employment sector, located in Torrington, Connecticut. It is classified under NTEE code J330.
How much revenue does Prime Time House Inc have?
Prime Time House Inc reported total revenue of $1,084,941. Based on 13 IRS 990 filings on record.
What are Prime Time House Inc's total assets?
Prime Time House Inc holds total assets of $1,111,457 as reported in IRS 990 filings.
Where is Prime Time House Inc located?
Prime Time House Inc is based in Torrington, Connecticut.
What is Prime Time House Inc's EIN?
Prime Time House Inc's Employer Identification Number (EIN) is 222719755. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Prime Time House Inc?
Prime Time House Inc is classified under NTEE code J330 (Employment).
Is Prime Time House Inc a registered 501(c)(3)?
Yes, Prime Time House Inc is recognized as a tax-exempt organization by the IRS. EIN: 222719755.
Does Prime Time House Inc file IRS Form 990?
Yes, Prime Time House Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Prime Time House Inc's revenue in 2023?
In the 202306 filing period, Prime Time House Inc reported total revenue of $1,261,336, total expenses of $1,365,423, and net assets of $1,215,759.
Is Prime Time House Inc's revenue growing or declining?
Prime Time House Inc's revenue is declining. Revenue went from $1,881,157 (202206) to $1,261,336 (202306), a -32.9% change. Based on 13 filings on record.
What is Prime Time House Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Prime Time House Inc covers tax period 202306. It shows revenue of $1,261,336, expenses of $1,365,423, total assets of $1,215,759, and liabilities of $92,895.
How much does Prime Time House Inc spend on programs vs administration?
Based on IRS 990 analysis, Prime Time House Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Prime Time House Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Prime Time House Inc appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Prime Time House Inc?
The following concerns were identified: Experienced a significant revenue drop from $1,881,157 in 2022 to $1,261,336 in 2023.. Net assets have shown some volatility, decreasing from $1,274,509 in 2022 to $1,215,759 in 2023.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Prime Time House Inc's strengths?
Positive indicators for Prime Time House Inc include: Maintains a positive net asset position, indicating financial stability.. Consistently reports program service accomplishments, aligning with its mission.. Has a history of operations dating back to at least 2016, demonstrating longevity.. These findings are derived from AI analysis of the organization's financial filings.
How does Prime Time House Inc compensate executives?
Executive compensation appears reasonable, with the highest paid individual receiving $92,895 in 2023, which is appropriate for an organization of this size and revenue. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the substantial revenue decrease between 2022 and 2023, and what strategies are in place to address this trend?
The provided data does not specify the reasons for the revenue drop from $1,881,157 in 2022 to $1,261,336 in 2023. Further investigation into their annual reports or financial statements would be needed to understand the contributing factors and future strategies.
Filing History
IRS 990 filing history for Prime Time House Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Prime Time House Inc's revenue has grown by 17.8%, moving from $1.1M to $1.3M. Total assets increased by 842% over the same period, from $129K to $1.2M. Total functional expenses rose by 30.2%, from $1.0M to $1.4M. In its most recent filing year (2023), Prime Time House Inc reported a deficit of $104K, with expenses exceeding revenue. The organization holds $93K in liabilities against $1.2M in assets (debt-to-asset ratio: 7.6%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.4M | $1.2M | $93K | — | View 990 |
| 2022 | $1.9M | $1.4M | $1.3M | $48K | — | View 990 |
| 2021 | $1.7M | $1.1M | $815K | $56K | — | View 990 |
| 2020 | $1.1M | $1.1M | $243K | $58K | — | View 990 |
| 2019 | $999K | $1.0M | $268K | $72K | — | View 990 |
| 2018 | $1.0M | $1.0M | $300K | $97K | — | View 990 |
| 2017 | $1.1M | $1.1M | $296K | $100K | — | View 990 |
| 2016 | $1.0M | $993K | $267K | $69K | — | View 990 |
| 2015 | $1.1M | $1.1M | $256K | $50K | — | View 990 |
| 2014 | $1.0M | $1.0M | $269K | $40K | — | View 990 |
| 2013 | $1.0M | $1.0M | $262K | $255K | — | View 990 |
| 2012 | $1.1M | $1.1M | $72K | $48K | — | View 990 |
| 2011 | $1.1M | $1.0M | $129K | $100K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.4M, and assets of $1.2M (revenue -32.9% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.4M, and assets of $1.3M (revenue +13.1% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.1M, and assets of $815K (revenue +57.9% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.1M, and assets of $243K (revenue +5.4% year-over-year).
- 2019: Revenue of $999K, expenses of $1.0M, and assets of $268K (revenue -2.9% year-over-year).
- 2018: Revenue of $1.0M, expenses of $1.0M, and assets of $300K (revenue -2.5% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.1M, and assets of $296K (revenue +3.9% year-over-year).
- 2016: Revenue of $1.0M, expenses of $993K, and assets of $267K (revenue -5.5% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.1M, and assets of $256K (revenue +3.5% year-over-year).
- 2014: Revenue of $1.0M, expenses of $1.0M, and assets of $269K (revenue +3.4% year-over-year).
- 2013: Revenue of $1.0M, expenses of $1.0M, and assets of $262K (revenue -7.9% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.1M, and assets of $72K (revenue +1.8% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.0M, and assets of $129K.
Data Sources and Methodology
This transparency report for Prime Time House 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.