Prajna Foundation
EIN: 860876616 · Santa Fe, NM · NTEE: T20Z
| Metric | Value |
|---|---|
| Total Revenue | $1 |
| Total Expenses | $64K |
| Net Assets | $353K |
Is Prajna Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Prajna Foundation
Prajna Foundation (EIN: 860876616) is a nonprofit organization based in Santa Fe, NM, classified under NTEE code T20Z. The organization reported total revenue of $1 and total assets of $448K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prajna Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Prajna Foundation is a micro nonprofit that has been operating for 29 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -57.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $64K |
| Surplus / Deficit | $-64,039 |
| Total Assets | $448K |
| Total Liabilities | $95K |
| Net Assets | $353K |
| Operating Margin | -6403900.0% |
| Debt-to-Asset Ratio | 21.2% |
| Months of Reserves | 84.0 months |
Financial Health Grade: B
In 2023, Prajna Foundation reported a deficit of $64K with expenses exceeding revenue, holds 84.0 months of operating reserves (strong position), has a debt-to-asset ratio of 21.2% (moderate leverage).
Financial Trends
Over 10 years of filings (2011–2023), Prajna Foundation's revenue has declined at a compound annual growth rate (CAGR) of -57.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -100.0% | +4.0% | -0.2% |
| 2022 | +81.1% | -28.2% | -45.6% |
| 2021 | +167.2% | -10.5% | -2.1% |
| 2020 | -50.0% | +3.5% | -3.8% |
| 2019 | -5.5% | +67.1% | -24.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Prajna 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 Prajna 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $64K, with expenses exceeding revenue.
- Debt-to-asset ratio: 21.2%.
Frequently Asked Questions about Prajna Foundation
Is Prajna Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Prajna Foundation (EIN: 860876616) insufficient data. 0 red flags identified, 0 strengths noted.
How does Prajna Foundation spend its money?
Detailed spending breakdown data is not yet available for Prajna Foundation. Check back for updated IRS 990 analysis.
Are donations to Prajna Foundation tax-deductible?
Prajna Foundation is registered as a tax-exempt nonprofit (EIN: 860876616). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Prajna Foundation located?
Prajna Foundation is headquartered in Santa Fe, New Mexico and files with the IRS under EIN 860876616. It is classified under NTEE code T20Z.
How many years of IRS 990 filings does Prajna Foundation have?
Prajna Foundation has 10 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 $1 in total revenue.
Filing History
IRS 990 filing history for Prajna Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Prajna Foundation's revenue has declined by 100%, moving from $25K to $1. Total assets decreased by 77.5% over the same period, from $2.0M to $448K. Total functional expenses fell by 62.9%, from $173K to $64K. In its most recent filing year (2023), Prajna Foundation reported a deficit of $64K, with expenses exceeding revenue. The organization holds $95K in liabilities against $448K in assets (debt-to-asset ratio: 21.2%), resulting in net assets of $353K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1 | $64K | $448K | $95K | — | — |
| 2022 | $73K | $62K | $449K | $32K | — | View 990 |
| 2021 | $40K | $86K | $825K | $419K | — | — |
| 2020 | $15K | $96K | $843K | $391K | — | — |
| 2019 | $30K | $93K | $876K | $344K | — | — |
| 2015 | $32K | $55K | $1.2M | $385K | — | View 990 |
| 2014 | $-152,572 | $133K | $1.2M | $195K | — | View 990 |
| 2013 | $32K | $55K | $2.0M | $453K | — | View 990 |
| 2012 | $25K | $136K | $2.0M | $449K | — | View 990 |
| 2011 | $25K | $173K | $2.0M | $338K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1, expenses of $64K, and assets of $448K (revenue -100.0% year-over-year).
- 2022: Revenue of $73K, expenses of $62K, and assets of $449K (revenue +81.1% year-over-year).
- 2021: Revenue of $40K, expenses of $86K, and assets of $825K (revenue +167.2% year-over-year).
- 2020: Revenue of $15K, expenses of $96K, and assets of $843K (revenue -50.0% year-over-year).
- 2019: Revenue of $30K, expenses of $93K, and assets of $876K (revenue -5.5% year-over-year).
- 2015: Revenue of $32K, expenses of $55K, and assets of $1.2M.
- 2014: Revenue of $-152,572, expenses of $133K, and assets of $1.2M (revenue -572.9% year-over-year).
- 2013: Revenue of $32K, expenses of $55K, and assets of $2.0M (revenue +30.0% year-over-year).
- 2012: Revenue of $25K, expenses of $136K, and assets of $2.0M (revenue -0.3% year-over-year).
- 2011: Revenue of $25K, expenses of $173K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Prajna Foundation:
Data Sources and Methodology
This transparency report for Prajna 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.