Prospera Georgia LLC

Analysis

Prospera Georgia LLC is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in March 2021, 5 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Prospera Georgia LLC reported income of $578k and spending of $370k, leaving 36% of income unspent that year. Across the 3 years on record, from September 2021 to September 2023, income grew from $92k to $578k (+532%), an average of +151% a year. The sharpest change came in the year to September 2022, when income rose by 160%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Prospera Georgia LLC sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within GA. Charities of a similar size with the same main cause include New Century Careers ($578k), The Axiom Advancement Corporation ($579k) and Myvillage Project ($578k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $35k (9.4% of expenses). Other salaries and wages came to $152k. At year end it held assets of $288k against liabilities of $25k, net assets of $264k. It reported 4 employees.