Prodigy Project
EIN: 463642012 · Shoreline, WA · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $304K |
| Total Expenses | $140K |
| Net Assets | $160K |
Is Prodigy Project Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Prodigy Project
Prodigy Project (EIN: 463642012) is a nonprofit organization based in Shoreline, WA, classified under NTEE code O50. The organization reported total revenue of $304K and total assets of $294K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prodigy Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Prodigy Project is a small nonprofit that has been operating for 9 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $197K |
| Total Expenses | $140K |
| Surplus / Deficit | +$58K |
| Total Assets | $224K |
| Total Liabilities | $63K |
| Net Assets | $160K |
| Operating Margin | 29.2% |
| Debt-to-Asset Ratio | 28.4% |
| Months of Reserves | 19.2 months |
Financial Health Grade: A
In 2023, Prodigy Project reported a surplus of $58K with revenue exceeding expenses, holds 19.2 months of operating reserves (strong position), has a debt-to-asset ratio of 28.4% (moderate leverage).
Financial Trends
Over 10 years of filings (2014–2023), Prodigy Project's revenue has grown at a compound annual growth rate (CAGR) of 6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.8% | +17.1% | +35.3% |
| 2022 | +9.4% | +5.8% | +31.4% |
| 2021 | +115.5% | +25.8% | +36.0% |
| 2020 | -48.6% | -28.9% | +78.3% |
| 2019 | +12.8% | +48.4% | +13.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Prodigy Project 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 Prodigy Project 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 surplus of $58K, with revenue exceeding expenses.
- Debt-to-asset ratio: 28.4%.
Frequently Asked Questions about Prodigy Project
Is Prodigy Project a legitimate charity?
Prodigy Project (EIN: 463642012) is a registered tax-exempt nonprofit based in Washington. It has 10 years of IRS 990 filings on record. Total revenue: $304K. No red flags identified. Financial health grade: A.
How does Prodigy Project spend its money?
Prodigy Project reported $304K in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Prodigy Project tax-deductible?
Prodigy Project is registered as a tax-exempt nonprofit (EIN: 463642012). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Prodigy Project located?
Prodigy Project is headquartered in Shoreline, Washington and files with the IRS under EIN 463642012. It is classified under NTEE code O50.
How many years of IRS 990 filings does Prodigy Project have?
Prodigy Project 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 $304K in total revenue.
Filing History
IRS 990 filing history for Prodigy Project showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Prodigy Project's revenue has grown by 75.3%, moving from $113K to $197K. Total assets increased by 398.1% over the same period, from $45K to $224K. Total functional expenses rose by 106.5%, from $68K to $140K. In its most recent filing year (2023), Prodigy Project reported a surplus of $58K, with revenue exceeding expenses. The organization holds $63K in liabilities against $224K in assets (debt-to-asset ratio: 28.4%), resulting in net assets of $160K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $197K | $140K | $224K | $63K | — | — |
| 2022 | $159K | $119K | $165K | $63K | — | View 990 |
| 2021 | $146K | $113K | $126K | $63K | — | View 990 |
| 2020 | $68K | $90K | $92K | $63K | — | — |
| 2019 | $132K | $126K | $52K | $409 | — | View 990 |
| 2018 | $117K | $85K | $46K | $56 | — | View 990 |
| 2017 | $67K | $118K | $14K | $0 | — | View 990 |
| 2016 | $99K | $83K | $65K | $0 | — | View 990 |
| 2015 | $105K | $101K | $49K | $0 | — | View 990 |
| 2014 | $113K | $68K | $45K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $197K, expenses of $140K, and assets of $224K (revenue +23.8% year-over-year).
- 2022: Revenue of $159K, expenses of $119K, and assets of $165K (revenue +9.4% year-over-year).
- 2021: Revenue of $146K, expenses of $113K, and assets of $126K (revenue +115.5% year-over-year).
- 2020: Revenue of $68K, expenses of $90K, and assets of $92K (revenue -48.6% year-over-year).
- 2019: Revenue of $132K, expenses of $126K, and assets of $52K (revenue +12.8% year-over-year).
- 2018: Revenue of $117K, expenses of $85K, and assets of $46K (revenue +73.8% year-over-year).
- 2017: Revenue of $67K, expenses of $118K, and assets of $14K (revenue -32.3% year-over-year).
- 2016: Revenue of $99K, expenses of $83K, and assets of $65K (revenue -5.7% year-over-year).
- 2015: Revenue of $105K, expenses of $101K, and assets of $49K (revenue -6.6% year-over-year).
- 2014: Revenue of $113K, expenses of $68K, and assets of $45K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Prodigy Project:
Data Sources and Methodology
This transparency report for Prodigy Project 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.