Prosperity Connection

Analysis

Prosperity Connection is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in November 2010, 16 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, Prosperity Connection reported income of $1.7m and spending of $1.2m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.7m (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Prosperity Connection sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within MO. Charities of a similar size with the same main cause include New Life Refuge Ministries ($1.7m), Agape Childrens Ministry Inc ($1.7m) and Love Wins Movement ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $171k (14% of expenses). Other salaries and wages came to $746k. At year end it held assets of $2.0m against liabilities of $174k, net assets of $1.8m. It reported 13 employees.