Prosperity Alliance Inc
- Assets
- $506.4k
- Revenue
- $11.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Fairfax, VA
- Founding
- 12/2017
- Data as of
- 04/2023
- EIN
- 82-1420326
Organization Overview
Prosperity Alliance Inc is located in Fairfax, VA. The organization was established in 2017. According to its NTEE Classification (W22) the organization is classified as: Public Finance, Taxation & Monetary Policy, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prosperity Alliance Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 04/2023, Prosperity Alliance Inc generated $11.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 60.2% each year . All expenses for the organization totaled $12.1m during the year ending 04/2023. While expenses have increased by 64.7% per year over the past 6 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.
Since 2019, Prosperity Alliance Inc has awarded 37 individual grants totaling $16,656,717. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROSPERITY ALLIANCE IS COMMITTED TO BUILDING A STRONGER ECONOMY FOR ALL AMERICANS THROUGH ENACTING PRO-GROWTH ECONOMIC POLICIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROSPERITY ALLIANCE PROMOTED PRO-GROWTH POLICIES DIRECTLY THROUGH ENGAGING THE PUBLIC AND INDIRECTLY THROUGH GRANTMAKING ACTIVITIES TO LIKE-MINDED ORGANIZATIONS.
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Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clark Fork Group Public Affairs Consulting | 4/29/23 | $275,000 |
Counterpoint Llc Issue Advocacy Com. | 4/29/23 | $110,754 |
Majority Strategies Issue Advocacy Com. | 4/29/23 | $107,664 |
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 | $11,491,632 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,491,632 |
| Total Program Service Revenue | $0 |
| 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 | $11,491,632 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,307,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $66,227 |
| Fees for services: Accounting | $21,414 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,080 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $11,363 |
| Total functional expenses | $12,084,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $506,447 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $506,447 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $506,447 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $506,447 |
Grants Awarded
Over the last fiscal year, Prosperity Alliance Inc has awarded $11,302,500 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
AFFORDABLE ENERGY FUND PAC PURPOSE: General Support | $25,000 |
AMERICAN FOR SECURE ELECTIONS PURPOSE: General Support | $520,000 |
AMERICAN JOBS AND GROWTH PURPOSE: General Support | $700,000 |
ANNE ARUNDEL FORWARD PURPOSE: General Support | $40,000 |
BLUEGRASS CONSERVATIVES PAC PURPOSE: General Support | $62,500 |
CITIZENS FOR GOOD GOVERNMENT PURPOSE: General Support | $20,000 |