Inclusive Prosperity Capital Inc

Analysis

Inclusive Prosperity Capital Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Inclusive Prosperity Capital Inc reported income of $6.0m and spending of $9.6m, spending 159% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income fell from $8.7m to $6.0m (-31%), an average of -7.1% a year. The sharpest change came in the year to December 2023, when income rose by 110%. Over the whole period it spent 107% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Inclusive Prosperity Capital Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within CT. Charities of a similar size with the same main cause include Sheriffs Meadow Foundation ($6.0m), Wild Earth Allies Inc ($6.0m) and National Network of Abortion Funds ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $1.7m (17% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $36.9m against liabilities of $35.5m, net assets of $1.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.