Prosocial World

Analysis

Prosocial World is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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, Prosocial World reported income of $1.1m and spending of $1.5m, spending 132% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $108k to $1.1m (+953%), an average of +119% a year. The sharpest change came in the year to December 2021, when income rose by 636%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Prosocial World sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Jaxx Theatricals Inc ($1.1m), Spirit of Atlanta Inc ($1.1m) and Childrens Museum of Cheyenne ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $125k (8.4% of expenses). Other salaries and wages came to $989k. At year end it held assets of $284k against liabilities of $208k, net assets of $76k. It reported 8 employees.