Prosperity Catalyst Inc
EIN: 272911776 · Beverly, MA · NTEE: Q33
| Metric | Value |
|---|---|
| Total Revenue | $984K |
| Total Expenses | $891K |
| Net Assets | $43K |
Is Prosperity Catalyst Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Prosperity Catalyst Inc
Prosperity Catalyst Inc (EIN: 272911776) is a nonprofit organization based in Beverly, MA, classified under NTEE code Q33. The organization reported total revenue of $984K and total assets of $212K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prosperity Catalyst Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Prosperity Catalyst Inc is a small nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 67.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $938K |
| Total Expenses | $891K |
| Surplus / Deficit | +$47K |
| Total Assets | $212K |
| Total Liabilities | $170K |
| Net Assets | $43K |
| Operating Margin | 5.0% |
| Debt-to-Asset Ratio | 79.9% |
| Months of Reserves | 2.9 months |
Financial Health Grade: B
In 2023, Prosperity Catalyst Inc reported a surplus of $47K with revenue exceeding expenses, holds 2.9 months of operating reserves (limited), has a debt-to-asset ratio of 79.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Prosperity Catalyst Inc's revenue has grown at a compound annual growth rate (CAGR) of 67.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.8% | -6.3% | -41.6% |
| 2022 | -44.7% | -39.7% | +4.2% |
| 2021 | -16.9% | -13.1% | +23.3% |
| 2020 | +27.6% | +28.5% | -5.7% |
| 2019 | +39.0% | +33.7% | -18.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Prosperity Catalyst Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Prosperity Catalyst Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $47K, with revenue exceeding expenses.
- Debt-to-asset ratio: 79.9%.
Frequently Asked Questions about Prosperity Catalyst Inc
Is Prosperity Catalyst Inc a legitimate charity?
Prosperity Catalyst Inc (EIN: 272911776) is a registered tax-exempt nonprofit based in Massachusetts. It has 13 years of IRS 990 filings on record. Total revenue: $984K. No red flags identified. Financial health grade: B.
How does Prosperity Catalyst Inc spend its money?
Prosperity Catalyst Inc reported $984K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Prosperity Catalyst Inc tax-deductible?
Prosperity Catalyst Inc is registered as a tax-exempt nonprofit (EIN: 272911776). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Prosperity Catalyst Inc located?
Prosperity Catalyst Inc is headquartered in Beverly, Massachusetts and files with the IRS under EIN 272911776. It is classified under NTEE code Q33.
How many years of IRS 990 filings does Prosperity Catalyst Inc have?
Prosperity Catalyst Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $984K in total revenue.
Filing History
IRS 990 filing history for Prosperity Catalyst Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Prosperity Catalyst Inc's revenue has grown by 48934.2%, moving from $2K to $938K. Total assets increased by 6273.9% over the same period, from $3K to $212K. Total functional expenses rose by 195230%, from $456 to $891K. In its most recent filing year (2023), Prosperity Catalyst Inc reported a surplus of $47K, with revenue exceeding expenses. The organization holds $170K in liabilities against $212K in assets (debt-to-asset ratio: 79.9%), resulting in net assets of $43K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $938K | $891K | $212K | $170K | — | — |
| 2022 | $824K | $951K | $363K | $368K | — | View 990 |
| 2021 | $1.5M | $1.6M | $349K | $225K | — | View 990 |
| 2020 | $1.8M | $1.8M | $283K | $71K | — | — |
| 2019 | $1.4M | $1.4M | $300K | $65K | — | View 990 |
| 2018 | $1.0M | $1.1M | $367K | $124K | — | View 990 |
| 2017 | $1.3M | $1.1M | $437K | $148K | — | View 990 |
| 2016 | $990K | $990K | $266K | $108K | — | View 990 |
| 2015 | $1.0M | $1.1M | $292K | $134K | — | View 990 |
| 2014 | $735K | $601K | $323K | $109K | — | View 990 |
| 2013 | $224K | $219K | $135K | $56K | — | View 990 |
| 2012 | $95K | $23K | $75K | $0 | — | View 990 |
| 2011 | $2K | $456 | $3K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $938K, expenses of $891K, and assets of $212K (revenue +13.8% year-over-year).
- 2022: Revenue of $824K, expenses of $951K, and assets of $363K (revenue -44.7% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.6M, and assets of $349K (revenue -16.9% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.8M, and assets of $283K (revenue +27.6% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.4M, and assets of $300K (revenue +39.0% year-over-year).
- 2018: Revenue of $1.0M, expenses of $1.1M, and assets of $367K (revenue -19.4% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.1M, and assets of $437K (revenue +26.6% year-over-year).
- 2016: Revenue of $990K, expenses of $990K, and assets of $266K (revenue -5.5% year-over-year).
- 2015: Revenue of $1.0M, expenses of $1.1M, and assets of $292K (revenue +42.5% year-over-year).
- 2014: Revenue of $735K, expenses of $601K, and assets of $323K (revenue +227.9% year-over-year).
- 2013: Revenue of $224K, expenses of $219K, and assets of $135K (revenue +134.8% year-over-year).
- 2012: Revenue of $95K, expenses of $23K, and assets of $75K (revenue +4893.2% year-over-year).
- 2011: Revenue of $2K, expenses of $456, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Prosperity Catalyst Inc:
Data Sources and Methodology
This transparency report for Prosperity Catalyst Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.