Prx Incorporated: $30.6M Revenue, $36.1M Expenses
Brighton, Massachusetts · EIN 263347402 · Filing year 2023
Prx Incorporated reported $30.6M in total revenue, $36.1M in total expenses, and $15.5M in total assets on its 2023 IRS Form 990. Total compensation for current officers and key employees was $1.3M (4.28% of revenue). NonprofitTruth efficiency grade: C (60/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.
Key Facts (2023 Form 990)
- Total Revenue
- $30.6M
- Total Expenses
- $36.1M
- Total Assets
- $15.5M
- Reserve Months
- 5.2 months
- Surplus / (Deficit)
- $-5,474,279
- EIN
- 263347402
- Latest 990 Year
- 2023
- Current-Officer Compensation
- $1.3M
- Officer Comp % of Revenue
- 4.28%
The composite efficiency score of 60/100 puts Prx Incorporated at C — neither standout nor failing. Some factors run above the median (often reserves) while others run below (often revenue stability or officer-comp ratio).
At $30.6M in 2023 revenue, Prx Incorporated sits in the mid-range of the U.S. nonprofit distribution. Most organizations of this scale operate regionally or focus on a single program area. Operating reserves at Prx Incorporated are adequate: the balance sheet covers a reasonable share of annual expenses, though not a deep multi-year cushion.
Five-year revenue trajectory is strongly positive: Prx Incorporated has grown materially in real terms, which usually signals successful fundraising and program expansion. Officer compensation is on the higher side of the band typical for nonprofits this size: $1.3M in total current-officer compensation against $30.6M in revenue. Not necessarily inappropriate — large healthcare systems and university systems often pay competitively with for-profit equivalents — but worth reading in context. Prx Incorporated sits in the cultural-nonprofit sector (Arts, Culture & Humanities). Museum, performing-arts, and cultural organizations carry distinctive financial patterns — earned revenue from ticket sales and admissions, plus a heavy reliance on endowment income and major donor cycles.
How Prx Incorporated Compares
Prx Incorporated earns a NonprofitTruth efficiency grade of C (60/100). That is 4 points above the Arts, Culture & Humanities category average. Compensation for current officers and key employees represents 4.28% of total revenue. The organization holds 5.2 months of operating reserves.
990 Financial Snapshot
Based on IRS tax-exempt organization data, Prx Incorporated reported $30.6M in revenue against $36.1M in total functional expenses for filing year 2023, holding roughly 5.2 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.
The 990 reports $1.3M in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 4.28% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.
Revenue History
Get Prx Incorporated's next Form 990 grade
Subscribe for NonprofitTruth updates by email. No spam, unsubscribe anytime.
Prx Incorporated has a NonprofitTruth Efficiency Score of C (60/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Prx Incorporated, Donor FAQ
Prx Incorporated has a NonprofitTruth Efficiency Score of C (60/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Prx Incorporated reports $1.3M in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 4.28% of the organization's $30.6M in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.
Prx Incorporated reported $30.6M in annual revenue and $36.1M in total expenses for filing year 2023. The organization holds $15.5M in total assets.
Prx Incorporated holds approximately 5.2 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its C efficiency grade.
Prx Incorporated is a registered 501(c) organization with EIN 263347402, based in Brighton, Massachusetts. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.
Similar Arts, Culture & Humanities Nonprofits
Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.