Prosperity Enrichment Inc

Analysis

Prosperity Enrichment Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 2015, 11 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 December 2023, Prosperity Enrichment Inc reported income of $339k and spending of $305k, spending 90% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $273k to $339k (+24%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 78%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Prosperity Enrichment Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within IN. Charities of a similar size with the same main cause include Shenandoah Alliance for Shelter ($339k), Davie Pregnancy Care Center Inc ($339k) and Manna for Life Ministries Inc ($339k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $181k (59% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0.