Center for Regional Prosperity

Analysis

Center for Regional Prosperity is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in April 2019, 7 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 June 2023, Center for Regional Prosperity reported income of $126k and spending of $123k, spending 98% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $86k to $126k (+45%), an average of +45% a year. The sharpest change came in the year to June 2023, when income rose by 45%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Center for Regional Prosperity sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 36th percentile within ME. Charities of a similar size with the same main cause include Farm Team Inc ($126k), Emergency Assistance and Food Bank of Valdez Inc ($126k) and Higher Up Ministries ($125k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $132k against liabilities of $132k, net assets of $0.