New Prospect Foundation
EIN: 237032384 · Evanston, IL
| Metric | Value |
|---|---|
| Total Expenses | $1.2M |
| Net Assets | $98K |
Is New Prospect Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Prospect Foundation
New Prospect Foundation (EIN: 237032384) is a nonprofit organization based in Evanston, IL. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Prospect Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Prospect Foundation is a mid-size nonprofit, with 5 years of IRS 990 filings on record (2011–2015).
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$36K |
| Total Assets | $98K |
| Total Liabilities | $1 |
| Net Assets | $98K |
| Operating Margin | 2.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1.0 months |
Financial Health Grade: A
In 2015, New Prospect Foundation reported a surplus of $36K with revenue exceeding expenses, holds 1.0 months of operating reserves (limited), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +6.9% | +3.9% | +59.1% |
| 2014 | +75.1% | -8.6% | +3.1% |
| 2013 | +8958.0% | -3.9% | -91.0% |
AI Analysis Pending
AI enrichment for New Prospect Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Prospect Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $36K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about New Prospect Foundation
Is New Prospect Foundation a legitimate charity?
New Prospect Foundation (EIN: 237032384) is a registered tax-exempt nonprofit based in Illinois. It has 5 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does New Prospect Foundation spend its money?
New Prospect Foundation reported its financials in IRS 990 filings. 5 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to New Prospect Foundation tax-deductible?
New Prospect Foundation is registered as a tax-exempt nonprofit (EIN: 237032384). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Prospect Foundation located?
New Prospect Foundation is headquartered in Evanston, Illinois and files with the IRS under EIN 237032384.
How many years of IRS 990 filings does New Prospect Foundation have?
New Prospect Foundation has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for New Prospect Foundation showing financial trends over 5 years of public records:
Total assets decreased by 95% over the same period, from $2.0M to $98K. Total functional expenses fell by 50.7%, from $2.4M to $1.2M. In its most recent filing year (2015), New Prospect Foundation reported a surplus of $36K, with revenue exceeding expenses. The organization holds $1 in liabilities against $98K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $98K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $1.2M | $1.2M | $98K | $1 | — | View 990 |
| 2014 | $1.2M | $1.2M | $62K | $1 | — | View 990 |
| 2013 | $663K | $1.3M | $60K | $1 | — | View 990 |
| 2012 | $7K | $1.3M | $665K | $1 | — | View 990 |
| 2011 | $-3,154 | $2.4M | $2.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $1.2M, expenses of $1.2M, and assets of $98K (revenue +6.9% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.2M, and assets of $62K (revenue +75.1% year-over-year).
- 2013: Revenue of $663K, expenses of $1.3M, and assets of $60K (revenue +8958.0% year-over-year).
- 2012: Revenue of $7K, expenses of $1.3M, and assets of $665K.
- 2011: Revenue of $-3,154, expenses of $2.4M, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Prospect Foundation:
Data Sources and Methodology
This transparency report for New Prospect Foundation 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.