Unleash Prosperity Inc

Analysis

Unleash Prosperity Inc is a registered charity in United States, based in Potomac, MD. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Unleash Prosperity Inc reported income of $4.7m and spending of $2.8m, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $4.7m (+186%), an average of +30% a year. The sharpest change came in the year to December 2020, when income rose by 117%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Unleash Prosperity Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MD. Charities of a similar size with the same main cause include Little Sisters of the Assumption Family Health Service ($4.7m), Central States Ser Jobs for Progress Inc ($4.7m) and Centerstone Military Services Inc ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $8.0m against liabilities of $103k, net assets of $7.9m.