Prospects Opportunity And Enrichment Inc
EIN: 461904997 · Ridgefield, CT · NTEE: P80
| Metric | Value |
|---|---|
| Total Revenue | $5.5M |
| Total Expenses | $5.9M |
| Net Assets | $6.3M |
Is Prospects Opportunity And Enrichment Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Prospects Opportunity And Enrichment Inc
Prospects Opportunity And Enrichment Inc (EIN: 461904997) is a nonprofit organization based in Ridgefield, CT, classified under NTEE code P80. The organization reported total revenue of $5.5M and total assets of $5.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prospects Opportunity And Enrichment Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Prospects Opportunity And Enrichment Inc is a mid-size nonprofit that has been operating for 13 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 32.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.7M |
| Total Expenses | $5.9M |
| Surplus / Deficit | $-1,125,701 |
| Total Assets | $6.8M |
| Total Liabilities | $502K |
| Net Assets | $6.3M |
| Operating Margin | -23.8% |
| Debt-to-Asset Ratio | 7.4% |
| Months of Reserves | 13.9 months |
Financial Health Grade: B
In 2023, Prospects Opportunity And Enrichment Inc reported a deficit of $1.1M with expenses exceeding revenue, holds 13.9 months of operating reserves (strong position), has a debt-to-asset ratio of 7.4% (very low leverage).
Financial Trends
Over 11 years of filings (2013–2023), Prospects Opportunity And Enrichment Inc's revenue has grown at a compound annual growth rate (CAGR) of 32.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +41.6% | +15.0% | -13.3% |
| 2022 | +15.4% | +30.0% | -19.5% |
| 2021 | +38.7% | -4.3% | -16.1% |
| 2020 | -76.5% | +2.9% | -14.1% |
| 2019 | +81.8% | +6.5% | +58.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Prospects Opportunity And Enrichment 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 Prospects Opportunity And Enrichment 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 $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.4%.
Frequently Asked Questions about Prospects Opportunity And Enrichment Inc
Is Prospects Opportunity And Enrichment Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Prospects Opportunity And Enrichment Inc (EIN: 461904997) insufficient data. 0 red flags identified, 0 strengths noted.
How does Prospects Opportunity And Enrichment Inc spend its money?
Detailed spending breakdown data is not yet available for Prospects Opportunity And Enrichment Inc. Check back for updated IRS 990 analysis.
Are donations to Prospects Opportunity And Enrichment Inc tax-deductible?
Prospects Opportunity And Enrichment Inc is registered as a tax-exempt nonprofit (EIN: 461904997). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Prospects Opportunity And Enrichment Inc located?
Prospects Opportunity And Enrichment Inc is headquartered in Ridgefield, Connecticut and files with the IRS under EIN 461904997. It is classified under NTEE code P80.
How many years of IRS 990 filings does Prospects Opportunity And Enrichment Inc have?
Prospects Opportunity And Enrichment 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 $5.5M in total revenue.
Filing History
IRS 990 filing history for Prospects Opportunity And Enrichment Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Prospects Opportunity And Enrichment Inc's revenue has grown by 1587.9%, moving from $280K to $4.7M. Total assets increased by 5405.6% over the same period, from $123K to $6.8M. Total functional expenses rose by 3619.6%, from $157K to $5.9M. In its most recent filing year (2023), Prospects Opportunity And Enrichment Inc reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $502K in liabilities against $6.8M in assets (debt-to-asset ratio: 7.4%), resulting in net assets of $6.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.7M | $5.9M | $6.8M | $502K | — | — |
| 2022 | $3.3M | $5.1M | $7.8M | $464K | — | — |
| 2021 | $2.9M | $3.9M | $9.7M | $452K | — | View 990 |
| 2020 | $2.1M | $4.1M | $11.6M | $403K | — | View 990 |
| 2019 | $8.9M | $4.0M | $13.4M | $289K | — | View 990 |
| 2018 | $4.9M | $3.7M | $8.5M | $243K | — | View 990 |
| 2017 | $5.1M | $3.4M | $7.3M | $215K | — | View 990 |
| 2016 | $6.6M | $3.3M | $5.6M | $185K | — | View 990 |
| 2015 | $5.0M | $3.8M | $2.3M | $159K | — | View 990 |
| 2014 | $2.7M | $1.9M | $1.1M | $47K | — | View 990 |
| 2013 | $280K | $157K | $123K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.7M, expenses of $5.9M, and assets of $6.8M (revenue +41.6% year-over-year).
- 2022: Revenue of $3.3M, expenses of $5.1M, and assets of $7.8M (revenue +15.4% year-over-year).
- 2021: Revenue of $2.9M, expenses of $3.9M, and assets of $9.7M (revenue +38.7% year-over-year).
- 2020: Revenue of $2.1M, expenses of $4.1M, and assets of $11.6M (revenue -76.5% year-over-year).
- 2019: Revenue of $8.9M, expenses of $4.0M, and assets of $13.4M (revenue +81.8% year-over-year).
- 2018: Revenue of $4.9M, expenses of $3.7M, and assets of $8.5M (revenue -3.6% year-over-year).
- 2017: Revenue of $5.1M, expenses of $3.4M, and assets of $7.3M (revenue -23.1% year-over-year).
- 2016: Revenue of $6.6M, expenses of $3.3M, and assets of $5.6M (revenue +31.6% year-over-year).
- 2015: Revenue of $5.0M, expenses of $3.8M, and assets of $2.3M (revenue +82.1% year-over-year).
- 2014: Revenue of $2.7M, expenses of $1.9M, and assets of $1.1M (revenue +881.2% year-over-year).
- 2013: Revenue of $280K, expenses of $157K, and assets of $123K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Prospects Opportunity And Enrichment Inc:
Data Sources and Methodology
This transparency report for Prospects Opportunity And Enrichment 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.