Why Not Prosper Inc

Organization Overview

Why Not Prosper Inc is located in Norristown, PA. The organization was established in 2003. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Why Not Prosper Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Why Not Prosper Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2023, Why Not Prosper Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 17.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION, WHY NOT PROSPER, ASSISTS FEMALE EX-OFFENDERS TRANSITION FROM PRISION BACK TO SOCIETY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RESIDENTIAL PROGRAM FOR FEMALE EX-OFFENDERS AND HALF-WAY HOUSE RESIDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Darryl J Vereen
Chairperson And Acting Treasurer
$0
Julie Currie
Member
$0
Sam Staten Jr
Vice Chairperson
$0
Aretha Swift
Member
$0
Name Not Listed
Member
$0
Michelle Simmons
CEO
$75,000

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,551,797
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,551,797
Total Program Service Revenue$48,000
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,599,797

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