Prodigy Ventures Inc
EIN: 472745285 · Denver, CO · NTEE: J20
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $1.8M |
| Net Assets | $1.1M |
Is Prodigy Ventures Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Prodigy Ventures Inc
Prodigy Ventures Inc (EIN: 472745285) is a nonprofit organization based in Denver, CO, classified under NTEE code J20. The organization reported total revenue of $2.3M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prodigy Ventures Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Prodigy Ventures Inc is a mid-size nonprofit that has been operating for 11 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 22.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.8M |
| Surplus / Deficit | $-488,318 |
| Total Assets | $1.6M |
| Total Liabilities | $560K |
| Net Assets | $1.1M |
| Operating Margin | -38.7% |
| Debt-to-Asset Ratio | 34.7% |
| Months of Reserves | 11.1 months |
Financial Health Grade: B
In 2023, Prodigy Ventures Inc reported a deficit of $488K with expenses exceeding revenue, holds 11.1 months of operating reserves (strong position), has a debt-to-asset ratio of 34.7% (moderate leverage).
Financial Trends
Over 8 years of filings (2016–2023), Prodigy Ventures Inc's revenue has grown at a compound annual growth rate (CAGR) of 22.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -27.7% | +39.8% | -25.5% |
| 2022 | +21.8% | +55.0% | +105.2% |
| 2021 | +59.9% | +4.7% | +81.9% |
| 2020 | +19.5% | +4.1% | +103.7% |
| 2019 | -4.3% | +8.7% | +4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Prodigy Ventures Inc 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 Ventures Inc 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 $488K, with expenses exceeding revenue.
- Debt-to-asset ratio: 34.7%.
Frequently Asked Questions about Prodigy Ventures Inc
Is Prodigy Ventures Inc a legitimate charity?
Prodigy Ventures Inc (EIN: 472745285) is a registered tax-exempt nonprofit based in Colorado. It has 8 years of IRS 990 filings on record. Total revenue: $2.3M. No red flags identified. Financial health grade: B.
How does Prodigy Ventures Inc spend its money?
Prodigy Ventures Inc reported $2.3M in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Prodigy Ventures Inc tax-deductible?
Prodigy Ventures Inc is registered as a tax-exempt nonprofit (EIN: 472745285). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Prodigy Ventures Inc located?
Prodigy Ventures Inc is headquartered in Denver, Colorado and files with the IRS under EIN 472745285. It is classified under NTEE code J20.
How many years of IRS 990 filings does Prodigy Ventures Inc have?
Prodigy Ventures Inc has 8 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 $2.3M in total revenue.
Filing History
IRS 990 filing history for Prodigy Ventures Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Prodigy Ventures Inc's revenue has grown by 324%, moving from $298K to $1.3M. Total assets increased by 887.2% over the same period, from $164K to $1.6M. Total functional expenses rose by 628.9%, from $240K to $1.8M. In its most recent filing year (2023), Prodigy Ventures Inc reported a deficit of $488K, with expenses exceeding revenue. The organization holds $560K in liabilities against $1.6M in assets (debt-to-asset ratio: 34.7%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.8M | $1.6M | $560K | — | View 990 |
| 2022 | $1.7M | $1.3M | $2.2M | $624K | — | — |
| 2021 | $1.4M | $808K | $1.1M | $86K | — | View 990 |
| 2020 | $896K | $771K | $581K | $236K | — | View 990 |
| 2019 | $750K | $741K | $285K | $65K | — | View 990 |
| 2018 | $784K | $682K | $274K | $62K | — | View 990 |
| 2017 | $561K | $480K | $187K | $35K | — | — |
| 2016 | $298K | $240K | $164K | $66K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.8M, and assets of $1.6M (revenue -27.7% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.3M, and assets of $2.2M (revenue +21.8% year-over-year).
- 2021: Revenue of $1.4M, expenses of $808K, and assets of $1.1M (revenue +59.9% year-over-year).
- 2020: Revenue of $896K, expenses of $771K, and assets of $581K (revenue +19.5% year-over-year).
- 2019: Revenue of $750K, expenses of $741K, and assets of $285K (revenue -4.3% year-over-year).
- 2018: Revenue of $784K, expenses of $682K, and assets of $274K (revenue +39.8% year-over-year).
- 2017: Revenue of $561K, expenses of $480K, and assets of $187K (revenue +88.3% year-over-year).
- 2016: Revenue of $298K, expenses of $240K, and assets of $164K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Prodigy Ventures Inc:
Data Sources and Methodology
This transparency report for Prodigy Ventures 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.