Prospect Hill Foundation Inc
Prospect Hill Foundation shows strong asset growth despite fluctuating annual revenues and expenses, with no reported officer compensation.
EIN: 205572208 · New Canaan, CT · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.0M |
| Total Expenses | $1.2M |
| Program Spending | 90% |
| Net Assets | $9.0M |
| Transparency Score | 85/100 |
Is Prospect Hill Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Prospect Hill Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Prospect Hill Foundation Inc
Prospect Hill Foundation Inc (EIN: 205572208) is a nonprofit organization based in New Canaan, CT, classified under NTEE code T22. The organization reported total revenue of $4.0M and total assets of $9.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prospect Hill Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Prospect Hill Foundation Inc is a mid-size nonprofit that has been operating for 19 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 153.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $424K |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-823,688 |
| Total Assets | $9.0M |
| Total Liabilities | $1 |
| Net Assets | $9.0M |
| Operating Margin | -194.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 87.0 months |
Financial Health Grade: B
In 2023, Prospect Hill Foundation Inc reported a deficit of $824K with expenses exceeding revenue, holds 87.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Prospect Hill Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 153.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -84.9% | +188.5% | +8.9% |
| 2022 | -21.5% | +3.7% | -17.1% |
| 2021 | +13.4% | +0.0% | +56.0% |
| 2020 | +1405.1% | +88.2% | +46.5% |
| 2019 | +349228.3% | +10313.8% | +14854.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Prospect Hill Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Prospect Hill Foundation Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $824K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all provided filing periods, indicating that no salaries or other compensation are paid to officers, which is highly favorable for financial efficiency and donor trust.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Prospect Hill Foundation Inc's IRS 990 filings:
- Significant annual fluctuations in revenue and expenses, such as the 2023 deficit where expenses ($1,247,773) greatly exceeded revenue ($424,085), could indicate reliance on endowment draws or other non-operating income to cover costs.
Strengths
The following positive indicators were identified for Prospect Hill Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating high efficiency in executive pay.
- Strong asset growth, with assets more than doubling from $4.3M in 2019 to over $9M in 2023, demonstrating effective asset management.
- Consistent IRS 990 filing history, indicating good transparency and compliance.
- Minimal liabilities, consistently reported as $1 in recent years, suggesting a very healthy balance sheet.
Frequently Asked Questions about Prospect Hill Foundation Inc
Is Prospect Hill Foundation Inc a legitimate charity?
Prospect Hill Foundation Inc (EIN: 205572208) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 11 years of IRS 990 filings on record. Total revenue: $4.0M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Prospect Hill Foundation Inc spend its money?
Prospect Hill Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Prospect Hill Foundation Inc tax-deductible?
Prospect Hill Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205572208). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Prospect Hill Foundation Inc's spending goes to programs?
Prospect Hill Foundation Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Prospect Hill Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Prospect Hill Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Prospect Hill Foundation Inc located?
Prospect Hill Foundation Inc is headquartered in New Canaan, Connecticut and files with the IRS under EIN 205572208. It is classified under NTEE code T22.
How many years of IRS 990 filings does Prospect Hill Foundation Inc have?
Prospect Hill Foundation Inc has 11 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 $4.0M in total revenue.
Is Prospect Hill Foundation Inc. a good charity?
Based on the available data, Prospect Hill Foundation Inc. appears to be a well-managed private foundation. It consistently files its IRS 990s, reports no officer compensation, and has shown significant asset growth over recent years, from $4.3M in 2019 to over $9M in 2023. While annual revenues and expenses fluctuate, this is common for foundations that make grants based on endowment performance.
What is the primary purpose of Prospect Hill Foundation Inc. given its NTEE code T22?
NTEE code T22 typically refers to 'Private Grantmaking Foundations.' This indicates that Prospect Hill Foundation Inc.'s primary purpose is to make grants to other organizations or individuals to support charitable activities, rather than directly operating programs itself.
How has the organization's financial stability changed over the last five years?
The organization's financial stability, as measured by its assets, has significantly improved. Assets grew from $4,385,230 in 2019 to $9,043,410 in 2023, more than doubling. While annual revenues and expenses show volatility, the overall asset base has strengthened considerably.
Filing History
IRS 990 filing history for Prospect Hill Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Prospect Hill Foundation Inc's revenue has grown by 7067983.3%, moving from $6 to $424K. Total assets increased by 20362.5% over the same period, from $44K to $9.0M. Total functional expenses rose by 48832.3%, from $3K to $1.2M. In its most recent filing year (2023), Prospect Hill Foundation Inc reported a deficit of $824K, with expenses exceeding revenue. The organization holds $1 in liabilities against $9.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $9.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $424K | $1.2M | $9.0M | $1 | — | — |
| 2022 | $2.8M | $432K | $8.3M | $1 | — | View 990 |
| 2021 | $3.6M | $417K | $10.0M | $1 | — | View 990 |
| 2020 | $3.2M | $417K | $6.4M | $1 | — | — |
| 2019 | $210K | $222K | $4.4M | $1 | — | View 990 |
| 2016 | $60 | $2K | $29K | $0 | — | View 990 |
| 2015 | $8 | $4K | $31K | $0 | — | View 990 |
| 2014 | $5 | $5K | $35K | $0 | — | View 990 |
| 2013 | $529 | $2K | $40K | $0 | — | View 990 |
| 2012 | $4 | $3K | $42K | $0 | — | View 990 |
| 2011 | $6 | $3K | $44K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $424K, expenses of $1.2M, and assets of $9.0M (revenue -84.9% year-over-year).
- 2022: Revenue of $2.8M, expenses of $432K, and assets of $8.3M (revenue -21.5% year-over-year).
- 2021: Revenue of $3.6M, expenses of $417K, and assets of $10.0M (revenue +13.4% year-over-year).
- 2020: Revenue of $3.2M, expenses of $417K, and assets of $6.4M (revenue +1405.1% year-over-year).
- 2019: Revenue of $210K, expenses of $222K, and assets of $4.4M (revenue +349228.3% year-over-year).
- 2016: Revenue of $60, expenses of $2K, and assets of $29K (revenue +650.0% year-over-year).
- 2015: Revenue of $8, expenses of $4K, and assets of $31K (revenue +60.0% year-over-year).
- 2014: Revenue of $5, expenses of $5K, and assets of $35K (revenue -99.1% year-over-year).
- 2013: Revenue of $529, expenses of $2K, and assets of $40K (revenue +13125.0% year-over-year).
- 2012: Revenue of $4, expenses of $3K, and assets of $42K (revenue -33.3% year-over-year).
- 2011: Revenue of $6, expenses of $3K, and assets of $44K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Prospect Hill Foundation Inc:
Data Sources and Methodology
This transparency report for Prospect Hill Foundation 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.