Prokids Inc

Analysis

Prokids Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in June 1999, 27 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, Prokids Inc reported income of $9.6m and spending of $9.4m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $6.2m to $9.6m (+55%), an average of +12% a year. The sharpest change came in the year to June 2024, when income rose by 22%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Prokids Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IN. Charities of a similar size with the same main cause include Community Action Agency of Southern New Mexico Territory ($9.6m), Hill Top Home of Comfort Inc ($9.6m) and Westminster-Canterbury Foundation ($9.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $270k (2.9% of expenses). Other salaries and wages came to $6.8m. At year end it held assets of $1.6m against liabilities of $516k, net assets of $1.1m. It reported 137 employees.