Prosperity Catalyst INC FY2022 filing

Tax-deductible

Beverly, MA501(c)(3)InternationalEIN 27-2911776

Prosperity catalyst develops and strengthens women-led businesses in distressed regions, providing business and technical training, creating opportunities for women to achieve economic and social empowerment.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$100K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2023
latest Form 990
IRS e-file · Filing history
Is it financially stable?
1 of 4
years in the black
Pt I · Ln 19 · 4 filings
How much reaches the programs?
85%
of spending
Pt IX · Ln 25 · col B
What are leaders paid?
$100K
to officers and key staff · 11% of spending
Pt VII · Sec A
Do they have reserves?
3 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
5
named funders · $70K
Funders’ Sch. I, 990-PF
Do they carry debt?
$368K
liabilities
Pt X · Ln 26
Who oversees it?
8
independent of 8 voting board members
Pt VI · Ln 1a–1b
Revenue
$824K
-45% vs prior year
Spent
$951K
To programs
85%
Net assets
−$4K
By yearFY2020–FY2023
Revenue
$824K
FY2022▼ -45%
Revenue by fiscal year
FY2020$1.8M
FY2021$1.5M
FY2022$824K
FY2023$938K
Expenses
$951K
FY2022▼ -40%
Expenses by fiscal year
FY2020$1.8M
FY2021$1.6M
FY2022$951K
FY2023$891K
Net assets
−$4K
FY2022▼ -103%
Net assets by fiscal year
FY2020$211K
FY2021$123K
FY2022−$4K
FY2023$43K

From the FY2022 Form 990 (year ending September 2022) · see the original

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Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Last filed FY2023 — 4 yrs ago
Legal name (IRS)Hdr · item CProsperity Catalyst INC
EINHdr · item D27-2911776
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFApr 2011
Latest filingForm 990FY2023 · Form 990
Principal addressHdr · item CBeverly, MA
NTEE classificationIRS BMFInternational (Q33)
WebsiteHdr · item Jwww.prosperitycatalyst.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.11 Fundraising $0.04
Program services85%$807K
Management & general11%$104K
Fundraising4%$40K
Total functional expensesLn 25$951K

Financial health

Is it on solid ground?

Program efficiency
85%
of spending reaches programs
Operating runway
3.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
-15%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$363K
FY2022▲ +4%
Total assets by fiscal year
FY2020$283K
FY2021$349K
FY2022$363K
FY2023$212K
Total liabilities
$368K
FY2022▲ +63%
Total liabilities by fiscal year
FY2020$71K
FY2021$225K
FY2022$368K
FY2023$170K
Revenue less expensesPt I · Ln 19−$127K
Total assetsPt X · Ln 16$363K
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Balance Sheet

Part X · end of year
CashLn 1$241K
Total assetsLn 16$363K
Total liabilitiesLn 26$368K
Total net assetsLn 32−$4K
Months of cash on handcomputed3.0

Statement of Revenue

Part VIII
Contributions & grants100%$824K
— government grantsLn 1e$455K
Total revenueLn 12$824K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $241K · Operating expenses/yr $951K
3.0 months
Where the money goes
Program services
Program services $807K · Total expenses $951K
85%
Management & General
Management & general $104K · Total expenses $951K
11%
Fundraising
Fundraising $40K · Total expenses $951K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $75K · Solicited contributions (3-yr avg) $347K
$0.22 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $824K · Total revenue $824K
100%
Government reliance
Government grants $455K · Total revenue $824K
55%
Earned-income share
Program service revenue $0 · Total revenue $824K
0%
Investment reliance
Investment income $0 · Total revenue $824K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $951K
0%
Growth & trend
Revenue growth (YoY)
This year $824K · Prior year $1.5M
-45%
Net-asset trend (YoY)
End of year −$4K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $824K · Expenses $951K
-15%
Liabilities-to-Assets
Total liabilities — · Total assets $363K
—
Net-asset ratio
Net assets −$4K · Total assets $363K
-1%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $363K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Catherine Gibbons · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $100K · Total expenses $951K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $181K · Total expenses $951K
19%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 85%——
Overhead ratio 11%——
Fundraising cost ratio 5%——
Revenue growth -45%——
Legal fee ratio 0.5%——
Accounting fee ratio 7%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$100,416Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Catherine Gibbons’s $86K as Executive Director is at the 75th percentile of top reported officer pay among 1636 $100K–1M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Catherine Gibbons$85,964$100,416$109,147$109,147

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Governance & Policies

Part VI
  • 8Voting board membersPt VI · Ln 1a
  • 8Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Empowers women in distressed regions through business training and opportunities.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

2 program services account for $807K of program spending, described in the organization's own filed words · FY2021.
01

Our work in iraq has a special emphasis on supporting and providing economic opportunities for female heads of household, war widows, internally displaced persons (idps), and other vulnerable women.

$639Kprogram expense
02

In 2013, not long after the earthquake, pcat started working in haiti, by providing business management training to 100 women in cap-haitian and launching a women-led candle production and export company called fanm limye (women illuminated), a for-profit business, which is 97% owned by prosperity catalyst with each of the remaining…

$168Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 5 funders$70K
See all 5 funders →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2023 Latest $938K$891K+14% 990 PDF
FY2022 Viewing $824K$951K-45% 990 PDF
FY2021 $1.5M$1.6M-17% 990 PDF
FY2020 $1.8M$1.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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