Tahoe Prosperity Center

Analysis

Tahoe Prosperity Center is a registered charity in United States, based in Incline VLG, NV. It received its IRS tax-exemption ruling in July 2012, 14 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Tahoe Prosperity Center reported income of $553k and spending of $692k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $488k to $553k (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tahoe Prosperity Center sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within NV. Charities of a similar size with the same main cause include Mountain Valley Economic Opportunity Authority ($553k), San Diego Regional Economic Development Foundation ($553k) and Partnership Grand Strand ($552k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.6% of the total. Other salaries and wages came to $359k. At year end it held assets of $204k against liabilities of $85k, net assets of $119k. It reported 7 employees.