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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 85-2228420

POVERTY 2 PROSPERITY PS INC

Tax-exempt · ATLANTA, GA 30310

Financials

$289K$290K2023$154K$159K2024
Revenue Expenses · by fiscal year end
Financials of POVERTY 2 PROSPERITY PS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
February 28, 2025990$154,341$158,796-$4,455$41,035$45,818-$4,783
February 28, 2024990$289,499$290,026-$527$49,827$50,155-$328
Financial details: 990 for the year ended February 28, 2025

Revenue

Contributions, gifts and grants
$154,341
of which government grants
$121,208
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$20,588
Other salaries and wages
$10,148
Salaries, compensation and benefits (total)
$30,736
Professional fundraising fees
$0
Accounting fees
$2,932
Occupancy
$2,292
Depreciation
$7,461
Program services (functional)
$140,827
Management and general (functional)
$17,969

Balance sheet and other

Total assets, start of year
$49,827
Total assets, end of year
$41,035
Total liabilities, end of year
$45,818
Net assets, end of year
-$4,783
Land, buildings and equipment
$41,035
Net assets without donor restrictions
-$4,783
Gross receipts
$154,341
Employees
3
Year formed
2021
State of legal domicile
GA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended February 28, 2025, highest compensation first.

NameTitleHours / weekCompensation
ARLESHIA MCMICHAELEXECUTIVE DIRECTOR
Trustee or director, Officer, Key employee
40$20,588
ASHIA ALLENSECRETARY
Trustee or director, Officer
4$4,630
ABBY YEBOAHACCOUNTANT
Trustee or director, Officer
2$0
GENESES LAVANWAYPROJECT MANAGER
Trustee or director, Officer
2$0
KIMBERLEY HANNAHCOUNSELOR
Trustee or director, Officer
2$0
990 for the year ended February 28, 2024: 5 people
NameTitleHours / weekCompensation
ARLESHIA MCMICHAELEXECUTIVE DIRECTOR
Trustee or director, Officer, Key employee
40$56,875
ASHIA ALLENSECRETARY
Trustee or director, Officer
4$3,736
ABBY YEBOAHACCOUNTANT
Trustee or director, Officer
2$0
GENESES LAVANWAYPROJECT MANAGER
Trustee or director, Officer
2$0
KIMBERLEY HANNAHCOUNSELOR
Trustee or director, Officer
2$0

Address and contacts

Address (IRS master file)
2001 MARTIN LUTHER KING DR SW, ATLANTA, GA 30310-1101
In care of
% ARLESHIA MCMICHAEL
Principal officer (990 for 2024)
ARLESHIA MCMICHEAL, 2001 MLK JR DRIVE SUITE 304, ATLANTA, GA 30310
Signed the 990
ARLESHIA MCMICHAEL, EXECUTIVE DIRECTOR
Phone
(678) 724-3201
Return prepared by
ACKON HARLEY ACCOUNTING SERVICES

Mission

TO PROVIDE HOUSING ASSISTANCE AND OTHER FINANCIAL ASSISTANCE TO NEEDY FAMLIES VETERANS AND YOUTH MENTORSHIP.

990 for the year ended February 28, 2025

Program accomplishments

  • TO PROVIDE HOUSING AND FINANCIAL ASSISTANCE TO LOW INCOME AND NEEDY FAMILIES WITHIN THE COMMUNITY. PROVIDED FOOD AND GROCERIES TO FAMILES OF 1500 PERSONS ASSISTED 250 PERSON WITH HAIRCUTS AND OTHER PERSONAL CARE ASSISTED 10 PERSONS WITH FUEL FOR TRANSPORTATION ASSITED OVER 70 PERSONS ON CREDIT SCORE EDUCATION AND COUNCELLING
    Expenses $128,796 · revenue $124,341
  • Assisted 30 veterns with rental and mortgage assistance and other personal including education and counsels on credit scores.
    Expenses $30,000 · revenue $30,000
  • Assisted provide food for 1,500 persons Utilies 250 families Fuel for 30 families Rental and mortgage assistance 300 families Personal assistance to 75 persons

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in February, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025February 28, 2026July 15, 2026Not on file
2024February 28, 2025July 15, 2025990 on file
2023February 29, 2024July 15, 2024990 on file

File the 2025 990-EZ for POVERTY 2 PROSPERITY PS INC

Due July 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
85-2228420
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2020
Accounting year ends
February
Files
Form 990 or 990-EZ
Category (NTEE)
Unknown (Z99)
Assets (IRS master file)
$41,035
Income (IRS master file)
$154,341

Filing history

FormYear endedRevenueExpensesAssetsReturn
990February 2025$154,341$158,796$41,035XML
990February 2024$289,499$290,026$49,827XML
990-EZDecember 2022–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-2228420).

Questions about POVERTY 2 PROSPERITY PS INC

What is the EIN of POVERTY 2 PROSPERITY PS INC?
The employer identification number (EIN) of POVERTY 2 PROSPERITY PS INC is 85-2228420.
Is POVERTY 2 PROSPERITY PS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to POVERTY 2 PROSPERITY PS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does POVERTY 2 PROSPERITY PS INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of POVERTY 2 PROSPERITY PS INC due?
The return for tax year 2025 (the year ending February 28, 2026) is due July 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did POVERTY 2 PROSPERITY PS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended February 2025.
Who is the principal officer of POVERTY 2 PROSPERITY PS INC?
The 990 for the year ended February 28, 2025 names ARLESHIA MCMICHEAL.
Who are the officers and directors of POVERTY 2 PROSPERITY PS INC?
The 990 for the year ended February 28, 2025 lists 5 people; 2 received compensation from the organization, the highest $20,588 (ARLESHIA MCMICHAEL, EXECUTIVE DIRECTOR).
How much revenue does POVERTY 2 PROSPERITY PS INC have?
On its 990 for the year ended February 28, 2025 it reported revenue of $154,341, expenses of $158,796 and total assets of $41,035 at year end.

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