Prodigal Son Foundation

Analysis

Prodigal Son Foundation is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in March 2010, 16 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, Prodigal Son Foundation reported income of $116k and spending of $106k, spending 91% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $207k to $116k (-44%), an average of -25% a year. The sharpest change came in the year to December 2022, when income dropped by 62%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Prodigal Son Foundation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within NC. Charities of a similar size with the same main cause include Living Education Academy ($116k), Woodhaven School ($116k) and Collierville Partners in Education ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7,880 against liabilities of $0, net assets of $7,880.