Prospera Corp

Analysis

Prospera Corp is a registered charity in United States, based in Joshua, TX. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Prospera Corp reported income of $148k and spending of $168k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $98k to $148k (+52%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Prospera Corp sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 50th percentile within TX. Charities of a similar size with the same main cause include Area 11 Connecticut General Service Committee of Alcoholics Anonymous ($148k), Physician Led Access Network of Collier County Inc ($148k) and Care Net Pregnancy Center of Chippewa County ($148k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $16k against liabilities of $0, net assets of $16k.