Project Prosper
EIN: 450491407 · St Petersburg, FL · NTEE: F40
| Metric | Value |
|---|---|
| Total Revenue | $5.6M |
| Total Expenses | $2.3M |
| Net Assets | $3.4M |
Is Project Prosper Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Project Prosper
Project Prosper (EIN: 450491407) is a nonprofit organization based in St Petersburg, FL, classified under NTEE code F40. The organization reported total revenue of $5.6M and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project Prosper's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Project Prosper is a mid-size nonprofit that has been operating for 23 years, with 5 years of IRS 990 filings on record (2016–2020). Revenue has grown at a compound annual rate of 130.7%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.6M |
| Total Expenses | $2.3M |
| Surplus / Deficit | +$3.4M |
| Total Assets | $3.4M |
| Net Assets | $3.4M |
| Operating Margin | 59.7% |
| Months of Reserves | 18.0 months |
Financial Health Grade: A
In 2020, Project Prosper reported a surplus of $3.4M with revenue exceeding expenses, holds 18.0 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2016–2020), Project Prosper's revenue has grown at a compound annual growth rate (CAGR) of 130.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -100.0% | -100.0% | -100.0% |
| 2018 | +15.9% | +4.3% | +398.4% |
| 2017 | +29.6% | +31.1% | +72.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Project Prosper 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 Project Prosper 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3.4M, with revenue exceeding expenses.
Frequently Asked Questions about Project Prosper
Is Project Prosper a legitimate charity?
Project Prosper (EIN: 450491407) is a registered tax-exempt nonprofit based in Florida. It has 5 years of IRS 990 filings on record. Total revenue: $5.6M. No red flags identified. Financial health grade: A.
How does Project Prosper spend its money?
Project Prosper reported $5.6M in total revenue 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 Project Prosper tax-deductible?
Project Prosper is registered as a tax-exempt nonprofit (EIN: 450491407). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Project Prosper located?
Project Prosper is headquartered in St Petersburg, Florida and files with the IRS under EIN 450491407. It is classified under NTEE code F40.
How many years of IRS 990 filings does Project Prosper have?
Project Prosper 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. The most recent filing shows $5.6M in total revenue.
Filing History
IRS 990 filing history for Project Prosper showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2016–2020), Project Prosper's revenue has grown by 2733.5%, moving from $198K to $5.6M. Total assets increased by 69298.4% over the same period, from $5K to $3.4M. Total functional expenses rose by 1070.6%, from $193K to $2.3M. In its most recent filing year (2020), Project Prosper reported a surplus of $3.4M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $5.6M | $2.3M | $3.4M | $0 | — | — |
| 2019 | $0 | $0 | $0 | $0 | — | View 990 |
| 2018 | $298K | $264K | $42K | $0 | — | View 990 |
| 2017 | $257K | $254K | $8K | $0 | — | View 990 |
| 2016 | $198K | $193K | $5K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $5.6M, expenses of $2.3M, and assets of $3.4M.
- 2019: Revenue of $0, expenses of $0, and assets of $0 (revenue -100.0% year-over-year).
- 2018: Revenue of $298K, expenses of $264K, and assets of $42K (revenue +15.9% year-over-year).
- 2017: Revenue of $257K, expenses of $254K, and assets of $8K (revenue +29.6% year-over-year).
- 2016: Revenue of $198K, expenses of $193K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Project Prosper:
Data Sources and Methodology
This transparency report for Project Prosper 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.