Prosperity Childcare Inc

Analysis

Prosperity Childcare Inc is a registered charity in United States, based in Lamar, SC. It received its IRS tax-exemption ruling in February 2002, 24 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 2022, Prosperity Childcare Inc reported income of $924k and spending of $430k, leaving 53% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $288k to $924k (+220%), an average of +47% a year. The sharpest change came in the year to December 2021, when income rose by 110%. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Prosperity Childcare Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within SC. Charities of a similar size with the same main cause include A Shot for Life Incorporated ($923k), Cumberland Community Options Inc ($924k) and Erath County Livestock Association Inc ($923k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 48% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $51k (12% of expenses). Other salaries and wages came to $207k. At year end it held assets of $726k against liabilities of $26k, net assets of $700k. It reported 15 employees.