Prosser Economic Development Association

Analysis

Prosser Economic Development Association is a registered charity in United States, based in Prosser, WA. It received its IRS tax-exemption ruling in July 1992, 34 years ago. 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, Prosser Economic Development Association reported income of $174k and spending of $211k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $204k to $174k (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Prosser Economic Development Association sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 47th percentile within WA. Charities of a similar size with the same main cause include North River Prevention Partners Inc ($174k), Park Lawn Homes Inc ($174k) and Institute of Advanced Studies ($174k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $71k (34% of expenses). Other salaries and wages came to $13k. At year end it held assets of $165k against liabilities of $4,623, net assets of $161k. It reported 2 employees.