Prosperity Community Outreach

Analysis

Prosperity Community Outreach is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Prosperity Community Outreach reported income of $1.9m and spending of $1.8m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.9m (+33%), an average of +7.5% a year. The sharpest change came in the year to December 2023, when income rose by 210%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Prosperity Community Outreach sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Fayette County Agricultural Improvement Association ($1.9m), Boy Scouts of America ($1.9m) and Woodbridge Wolfpack ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $122k (6.8% of expenses). Other salaries and wages came to $31k. At year end it held assets of $68k against liabilities of $0, net assets of $68k. It reported 3 employees.