Prosperity Denver Fund

Analysis

Prosperity Denver Fund is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Prosperity Denver Fund reported income of $18.3m and spending of $8.9m, leaving 52% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $8.9m to $18.3m (+106%), an average of +20% a year. The sharpest change came in the year to September 2020, when income rose by 26%. Over the whole period it spent 49% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Prosperity Denver Fund sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CO. Charities of a similar size with the same main cause include California State University East Bay Foundation Inc ($18.3m), Prince of Peace Christian School ($18.3m) and Ontario Christian School Association ($18.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $289k. At year end it held assets of $41.5m against liabilities of $8.1m, net assets of $33.4m. It reported 2 employees.