Prosper Education Foundation

Analysis

Prosper Education Foundation is a registered charity in United States, based in Prosper, TX. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Prosper Education Foundation reported income of $1.4m and spending of $1.2m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $726k to $1.4m (+98%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 128%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Prosper Education Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Tensas Academy ($1.4m), Milford Athletic Boosters Club ($1.4m) and International Association for Continuing Education & Training ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. Other salaries and wages came to $131k. At year end it held assets of $2.7m against liabilities of $3,554, net assets of $2.7m. It reported 4 employees.