Prodigal Ministries Inc

Analysis

Prodigal Ministries Inc is a registered charity in United States, based in Crestwood, KY. It received its IRS tax-exemption ruling in July 1995, 31 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, Prodigal Ministries Inc reported income of $799k and spending of $948k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $448k to $799k (+78%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 110%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Prodigal Ministries Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within KY. Charities of a similar size with the same main cause include Care Connexxus Inc ($799k), Lets Talk Safety Inc ($799k) and Friends of Earl Monroe New Renaissance Basketball Charter SCH ($799k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $140k (15% of expenses). Other salaries and wages came to $336k. At year end it held assets of $691k against liabilities of $80k, net assets of $611k. It reported 13 employees.