Prison Entrepreneurship Program

Analysis

Prison Entrepreneurship Program is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Prison Entrepreneurship Program reported income of $3.8m and spending of $4.1m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.8m (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2020, when income rose by 24%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Prison Entrepreneurship Program sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Mile High Ministries ($3.8m), Rainbow 66 Storehouse Inc ($3.8m) and Our Ladys Inn ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 5.8% of the total. Compensation of current officers, directors and key employees was $406k (10.0% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $6.7m against liabilities of $1.7m, net assets of $5.0m. It reported 40 employees.