Black Wellness & Prosperity Center

Analysis

Black Wellness & Prosperity Center is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Black Wellness & Prosperity Center reported income of $1.6m and spending of $2.1m, spending 127% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.3m to $1.6m (+26%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 72%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Black Wellness & Prosperity Center sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include The Greater Indianapolis Chamber of Commerce Foundation Inc ($1.6m), Frederick Innovative Technology Center Inc ($1.6m) and Michigan Community Health Worker Alliance ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $187k (9.0% of expenses). Other salaries and wages came to $598k. At year end it held assets of $3.5m against liabilities of $2.5m, net assets of $928k. It reported 30 employees.