Prosperity Social & Community Development Group Inc

Analysis

Prosperity Social & Community Development Group Inc is a registered charity in United States, based in North Miami, FL. It received its IRS tax-exemption ruling in June 2013, 13 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 July 2023, Prosperity Social & Community Development Group Inc reported income of $1.1m and spending of $1.0m, spending 93% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $280k to $1.1m (+290%), an average of +57% a year. The sharpest change came in the year to July 2022, when income rose by 69%. 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, Prosperity Social & Community Development Group Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Westhaven of Englewood Ltd ($1.1m), Janet Goeske Foundation ($1.1m) and Savage Sisters Recovery Inc ($1.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Other salaries and wages came to $350k. At year end it held assets of $145k against liabilities of $240k, net assets of -$95k. It reported 29 employees.