Prosperity Economics Movement

Analysis

Prosperity Economics Movement is a registered charity in United States, based in Mt Enterprise, TX. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Prosperity Economics Movement reported income of $91k and spending of $119k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $167k to $91k (-45%), an average of -14% a year. The sharpest change came in the year to December 2023, when income dropped by 50%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Prosperity Economics Movement sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within TX. Charities of a similar size with the same main cause include Saadhake Global Foundation ($91k), Royal Family Kids of Lancaster County ($91k) and Pembroke Appalachia Service Project ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. At year end it held assets of $6,101 against liabilities of $29k, net assets of -$23k.