Prepare and Prosper

Analysis

Prepare and Prosper is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in September 1971, 55 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 June 2024, Prepare and Prosper reported income of $2.0m and spending of $3.0m, spending 149% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $2.3m to $2.0m (-14%), an average of -3.7% a year. The sharpest change came in the year to June 2024, when income dropped by 22%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Prepare and Prosper sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MN. Charities of a similar size with the same main cause include Iwlc ($2.0m), Ourbridge Inc ($2.0m) and Tuscarawas County Young Mens Christian Association ($2.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $146k (4.9% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $2.0m against liabilities of $447k, net assets of $1.5m. It reported 55 employees.