Prosperityme

Analysis

Prosperityme is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in November 2009, 17 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, Prosperityme reported income of $5.4m and spending of $4.0m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $540k to $5.4m (+906%), an average of +78% a year. The sharpest change came in the year to December 2022, when income rose by 509%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Prosperityme 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 92nd percentile, and in the 92nd percentile within ME. Charities of a similar size with the same main cause include Puzzle Pieces Inc ($5.4m), Brockton Area Arc Inc ($5.4m) and Crime Victims Treatment Center Inc ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $152k (3.8% of expenses). Other salaries and wages came to $850k. It paid $15k in professional fundraising fees. At year end it held assets of $6.9m against liabilities of $3.1m, net assets of $3.8m. It reported 33 employees.