Great Prospects Inc

Analysis

Great Prospects Inc is a registered charity in United States, based in Roswell, GA. It received its IRS tax-exemption ruling in January 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Great Prospects Inc reported income of $403k and spending of $323k, spending 80% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $218k to $403k (+85%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 53%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Great Prospects Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within GA. Charities of a similar size with the same main cause include Maine Philanthropy Center ($403k), TPLS Inc ($403k) and Multi-Media Training Institute ($403k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $202k. At year end it held assets of $83k against liabilities of $2,821, net assets of $80k.