Prospera Community Development

Analysis

Prospera Community Development is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in November 1994, 32 years ago. Its declared purposes cover employment, 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 December 2023, Prospera Community Development reported income of $2.9m and spending of $1.3m, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $826k to $2.9m (+252%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 165%. Over the whole period it spent 53% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Prospera Community Development sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Wilkes Vocational Services Inc ($2.9m), Greater Sacramento Area Economic Council ($2.9m) and Associated Builders & Contractors Wisc Inc Aprntcshp & TRNG TR ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $122k (9.4% of expenses). Other salaries and wages came to $743k. At year end it held assets of $4.1m against liabilities of $122k, net assets of $4.0m. It reported 11 employees.