Poverty 2 Prosperity PS Inc

Analysis

Poverty 2 Prosperity PS Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 February 2024, Poverty 2 Prosperity PS Inc reported income of $289k and spending of $290k, spending 100% of its income. Across the 2 years on record, from December 2022 to February 2024, income grew from $17k to $289k (+1567%), an average of +1567% a year. The sharpest change came in the year to February 2024, when income rose by 1567%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Poverty 2 Prosperity PS Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within GA. Charities of a similar size with the same main cause include West Virginia Nonprofit Association Inc ($289k), MCW Starz Elite ($290k) and Minco Senior Citizens Activity Center Inc ($289k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $61k (21% of expenses). Other salaries and wages came to $15k. At year end it held assets of $50k against liabilities of $50k, net assets of -$328. It reported 3 employees.