Prodigy Project

Analysis

Prodigy Project is a registered charity in United States, based in Shoreline, WA. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Prodigy Project reported income of $197k and spending of $140k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $159k to $197k (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 73% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Prodigy Project sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 50th percentile within WA. Charities of a similar size with the same main cause include Boys & Girls Clubs of St Thomas St John Inc ($197k), Friends the National Association of Young People Who Stutter ($197k) and Hilliard SW High School Hockey ($197k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $36k (25% of expenses). At year end it held assets of $224k against liabilities of $63k, net assets of $160k.