Prospera Initiatives Inc

Analysis

Prospera Initiatives Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 September 2023, Prospera Initiatives Inc reported income of $4.2m and spending of $3.4m, spending 82% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.7m to $4.2m (+53%), an average of +11% a year. The sharpest change came in the year to September 2023, when income rose by 27%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Prospera Initiatives 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 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Franklin County Community ($4.2m), Him for Her Inc ($4.2m) and Metropolitan Planning Council ($4.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $762k (22% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $5.8m against liabilities of $1.1m, net assets of $4.7m. It reported 45 employees.