Prevention 305 Inc

Analysis

Prevention 305 Inc is a registered charity in United States, based in Miami Beach, FL. It received its IRS tax-exemption ruling in March 2017, 9 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, Prevention 305 Inc reported income of $6.0m and spending of $4.3m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $235k to $6.0m (+2445%), an average of +125% a year. The sharpest change came in the year to December 2023, when income rose by 286%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Prevention 305 Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Shares Nation Inc ($6.0m), Clearfield County Area Agency on Aging Inc ($6.0m) and Partnerships for People Inc ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $150k (3.5% of expenses). Other salaries and wages came to $454k. At year end it held assets of $2.8m against liabilities of $7,964, net assets of $2.8m. It reported 17 employees.