Project Prosper Inc

Analysis

Project Prosper Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in October 2007, 19 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, Project Prosper Inc reported income of $312k and spending of $250k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $199k to $312k (+57%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Prosper Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include Montgomery YMCA Endowment Foundation ($312k), The Wellesley Hills Junior Womans Club Inc ($312k) and Jerome County Senior Citizens Service Area Inc ($312k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $105k (42% of expenses). Other salaries and wages came to $72k. At year end it held assets of $545k against liabilities of $5,153, net assets of $539k. It reported 4 employees.