Prosper Foundation
EIN: 871572206 · Birmingham, AL · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $4.3M |
| Total Expenses | $4.0M |
| Net Assets | $5.9M |
Is Prosper Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Prosper Foundation
Prosper Foundation (EIN: 871572206) is a nonprofit organization based in Birmingham, AL, classified under NTEE code P20. The organization reported total revenue of $4.3M and total assets of $6.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prosper Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Prosper Foundation is a mid-size nonprofit that has been operating for 2 years, with 2 years of IRS 990 filings on record (2022–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.5M |
| Total Expenses | $4.0M |
| Surplus / Deficit | +$1.5M |
| Total Assets | $6.1M |
| Total Liabilities | $150K |
| Net Assets | $5.9M |
| Operating Margin | 27.2% |
| Debt-to-Asset Ratio | 2.5% |
| Months of Reserves | 18.1 months |
Financial Health Grade: A
In 2023, Prosper Foundation reported a surplus of $1.5M with revenue exceeding expenses, holds 18.1 months of operating reserves (strong position), has a debt-to-asset ratio of 2.5% (very low leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2024 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Prosper Foundation 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 Prosper Foundation 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 $1.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.5%.
Frequently Asked Questions about Prosper Foundation
Is Prosper Foundation a legitimate charity?
Prosper Foundation (EIN: 871572206) is a registered tax-exempt nonprofit based in Alabama. It has 2 years of IRS 990 filings on record. Total revenue: $4.3M. No red flags identified. Financial health grade: A.
How does Prosper Foundation spend its money?
Prosper Foundation reported $4.3M in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Prosper Foundation tax-deductible?
Prosper Foundation is registered as a tax-exempt nonprofit (EIN: 871572206). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Prosper Foundation located?
Prosper Foundation is headquartered in Birmingham, Alabama and files with the IRS under EIN 871572206. It is classified under NTEE code P20.
How many years of IRS 990 filings does Prosper Foundation have?
Prosper Foundation has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $4.3M in total revenue.
Filing History
IRS 990 filing history for Prosper Foundation showing financial trends over 2 years of public records:
Total assets increased by 607217700% over the same period, from $1 to $6.1M. In its most recent filing year (2023), Prosper Foundation reported a surplus of $1.5M, with revenue exceeding expenses. The organization holds $150K in liabilities against $6.1M in assets (debt-to-asset ratio: 2.5%), resulting in net assets of $5.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.5M | $4.0M | $6.1M | $150K | — | — |
| 2022 | $0 | $0 | $1 | $0 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Prosper Foundation:
Data Sources and Methodology
This transparency report for Prosper Foundation 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.