Proverbs2717 Inc

Analysis

Proverbs2717 Inc is a registered charity in United States, based in Lawrenceville, GA. It received its IRS tax-exemption ruling in December 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Proverbs2717 Inc reported income of $586k and spending of $571k, spending 97% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $269k to $586k (+118%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Proverbs2717 Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within GA. Charities of a similar size with the same main cause include Kairos Church Planting Support ($586k), Semenenko Trust ($586k) and Grace Institute Inc ($586k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Other salaries and wages came to $124k. At year end it held assets of $69k against liabilities of $12k, net assets of $57k. It reported 3 employees.