Propel Inc

Analysis

Propel Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Propel Inc reported income of $2.3m and spending of $1.2m, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $311k to $2.3m (+651%), an average of +66% a year. The sharpest change came in the year to December 2022, when income rose by 209%. Over the whole period it spent 78% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Propel Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Do Something Inc ($2.3m), Arkansas 4-H Foundation Inc ($2.3m) and The Culture Project International ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 0.6% of the total. Other salaries and wages came to $320k. At year end it held assets of $1.4m against liabilities of $32k, net assets of $1.3m. It reported 9 employees.