Great Prospects Inc
Great Prospects Inc consistently operates within its means with no officer compensation reported.
EIN: 203500757 · Roswell, GA · NTEE: B28 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $375K |
| Total Expenses | $323K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $400,000. |
| Net Assets | $80K |
| Transparency Score | 90/100 |
Is Great Prospects Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Great Prospects Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Great Prospects Inc
Great Prospects Inc (EIN: 203500757) is a nonprofit organization based in Roswell, GA, classified under NTEE code B28. The organization reported total revenue of $375K and total assets of $112K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Great Prospects Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Great Prospects Inc is a small nonprofit that has been operating for 17 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 16.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $403K |
| Total Expenses | $323K |
| Surplus / Deficit | +$80K |
| Total Assets | $83K |
| Total Liabilities | $3K |
| Net Assets | $80K |
| Operating Margin | 19.9% |
| Debt-to-Asset Ratio | 3.4% |
| Months of Reserves | 3.1 months |
Financial Health Grade: A
In 2023, Great Prospects Inc reported a surplus of $80K with revenue exceeding expenses, holds 3.1 months of operating reserves (adequate), has a debt-to-asset ratio of 3.4% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Great Prospects Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.4% | +10.7% | -21.6% |
| 2022 | +53.2% | +56.1% | -67.6% |
| 2021 | +31.9% | +18.2% | +28.4% |
| 2020 | -9.9% | -14.5% | +24.0% |
| 2019 | +8.9% | +30.3% | +19.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Great Prospects Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Great Prospects Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $80K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for a nonprofit of its size with revenues exceeding $400,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Great Prospects Inc's IRS 990 filings:
- Significant decrease in assets from $325,981 in 2021 to $82,879 in 2023 without clear explanation in summary data.
Strengths
The following positive indicators were identified for Great Prospects Inc:
- Consistent positive net income, indicating financial stability.
- 0% officer compensation reported across all filings, maximizing program spending.
- Revenue growth over the past decade, from $132,643 in 2015 to $403,306 in 2023.
- Low liabilities, often reported as $0 or very low, indicating good financial health.
Frequently Asked Questions about Great Prospects Inc
Is Great Prospects Inc a legitimate charity?
Great Prospects Inc (EIN: 203500757) is a registered tax-exempt nonprofit based in Georgia. Our AI analysis gives it a Mission Score of 90/100. It has 14 years of IRS 990 filings on record. Total revenue: $375K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Great Prospects Inc spend its money?
Great Prospects Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Great Prospects Inc tax-deductible?
Great Prospects Inc is registered as a tax-exempt nonprofit (EIN: 203500757). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Great Prospects Inc CEO make?
Great Prospects Inc's highest-compensated officer earns $400,000. annually. The organization reported $375K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Great Prospects Inc's spending goes to programs?
Great Prospects Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Great Prospects Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Great Prospects Inc is above average for NTEE category B28 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Great Prospects Inc located?
Great Prospects Inc is headquartered in Roswell, Georgia and files with the IRS under EIN 203500757. It is classified under NTEE code B28.
How many years of IRS 990 filings does Great Prospects Inc have?
Great Prospects Inc has 14 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 $375K in total revenue.
Is Great Prospects Inc a good charity?
Based on the available financial data, Great Prospects Inc appears to be a well-managed charity. They consistently operate with a surplus, have grown their revenue base, and report 0% officer compensation, suggesting a strong focus on their mission.
How has Great Prospects Inc's revenue trended over time?
Great Prospects Inc's revenue has shown a general upward trend over the past decade, increasing from $132,643 in 2015 to $403,306 in 2023, with some fluctuations year-to-year.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating that no salaries are paid to officers, which is a strong positive for directing funds to programs.
Why did assets decrease significantly from 2021 to 2023?
Assets decreased from $325,981 in 2021 to $82,879 in 2023. While the filings show consistent positive net income, the specific reasons for this substantial asset reduction are not detailed in the provided summary data and would require a deeper dive into the full 990 forms.
Filing History
IRS 990 filing history for Great Prospects Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Great Prospects Inc's revenue has grown by 635.8%, moving from $55K to $403K. Total assets increased by 1139% over the same period, from $7K to $83K. Total functional expenses rose by 540.5%, from $50K to $323K. In its most recent filing year (2023), Great Prospects Inc reported a surplus of $80K, with revenue exceeding expenses. The organization holds $3K in liabilities against $83K in assets (debt-to-asset ratio: 3.4%), resulting in net assets of $80K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $403K | $323K | $83K | $3K | — | View 990 |
| 2022 | $398K | $292K | $106K | $0 | — | View 990 |
| 2021 | $260K | $187K | $326K | $3K | — | View 990 |
| 2020 | $197K | $158K | $254K | $4K | — | — |
| 2019 | $218K | $185K | $205K | $5K | — | View 990 |
| 2018 | $201K | $142K | $171K | $2K | — | View 990 |
| 2017 | $222K | $149K | $153K | $0 | — | View 990 |
| 2016 | $168K | $116K | $80K | $0 | — | View 990 |
| 2015 | $133K | $124K | $29K | $0 | — | View 990 |
| 2014 | $142K | $126K | $39K | $946 | — | View 990 |
| 2013 | $120K | $107K | $24K | $1K | — | View 990 |
| 2012 | $116K | $106K | $11K | $423 | — | View 990 |
| 2011 | $66K | $71K | $2K | $2K | — | View 990 |
| 2010 | $55K | $50K | $7K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $403K, expenses of $323K, and assets of $83K (revenue +1.4% year-over-year).
- 2022: Revenue of $398K, expenses of $292K, and assets of $106K (revenue +53.2% year-over-year).
- 2021: Revenue of $260K, expenses of $187K, and assets of $326K (revenue +31.9% year-over-year).
- 2020: Revenue of $197K, expenses of $158K, and assets of $254K (revenue -9.9% year-over-year).
- 2019: Revenue of $218K, expenses of $185K, and assets of $205K (revenue +8.9% year-over-year).
- 2018: Revenue of $201K, expenses of $142K, and assets of $171K (revenue -9.7% year-over-year).
- 2017: Revenue of $222K, expenses of $149K, and assets of $153K (revenue +32.6% year-over-year).
- 2016: Revenue of $168K, expenses of $116K, and assets of $80K (revenue +26.3% year-over-year).
- 2015: Revenue of $133K, expenses of $124K, and assets of $29K (revenue -6.3% year-over-year).
- 2014: Revenue of $142K, expenses of $126K, and assets of $39K (revenue +18.4% year-over-year).
- 2013: Revenue of $120K, expenses of $107K, and assets of $24K (revenue +3.3% year-over-year).
- 2012: Revenue of $116K, expenses of $106K, and assets of $11K (revenue +75.9% year-over-year).
- 2011: Revenue of $66K, expenses of $71K, and assets of $2K (revenue +20.1% year-over-year).
- 2010: Revenue of $55K, expenses of $50K, and assets of $7K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Great Prospects Inc:
Data Sources and Methodology
This transparency report for Great Prospects 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.