Prospera North Carolina LLC

Analysis

Prospera North Carolina LLC is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Prospera North Carolina LLC reported income of $1.5m and spending of $860k, leaving 43% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $183k to $1.5m (+731%), an average of +70% a year. The sharpest change came in the year to September 2023, when income rose by 211%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Prospera North Carolina LLC sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include A New Hope Center Inc ($1.5m), Walton County Citizens Advisory Council on Aging Inc ($1.5m) and LA Casa Hogar ($1.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $262k (30% of expenses). Other salaries and wages came to $269k. At year end it held assets of $1.3m against liabilities of $235k, net assets of $1.1m. It reported 6 employees.