Prosperity For New America
EIN: 753261211 · Minneapolis, MN · NTEE: P84
| Metric | Value |
|---|---|
| Total Revenue | $145K |
| Total Expenses | $98K |
| Net Assets | $-56,099 |
Is Prosperity For New America Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Prosperity For New America
Prosperity For New America (EIN: 753261211) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code P84. The organization reported total revenue of $145K and total assets of $43K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prosperity For New America's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Prosperity For New America is a small nonprofit that has been operating for 18 years, with 2 years of IRS 990 filings on record (2021–2022). Revenue has grown at a compound annual rate of -91.5%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $35K |
| Total Expenses | $98K |
| Surplus / Deficit | $-62,689 |
| Total Assets | $37K |
| Total Liabilities | $93K |
| Net Assets | $-56,099 |
| Operating Margin | -178.8% |
| Debt-to-Asset Ratio | 253.2% |
| Months of Reserves | 4.5 months |
Financial Health Grade: C
In 2022, Prosperity For New America reported a deficit of $63K with expenses exceeding revenue, holds 4.5 months of operating reserves (adequate), has a debt-to-asset ratio of 253.2% (high leverage).
Financial Trends
Over 2 years of filings (2021–2022), Prosperity For New America's revenue has declined at a compound annual growth rate (CAGR) of -91.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -91.5% | -76.5% | -83.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Prosperity For New America 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 Prosperity For New America 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $63K, with expenses exceeding revenue.
- Debt-to-asset ratio: 253.2%.
Frequently Asked Questions about Prosperity For New America
Is Prosperity For New America a legitimate charity?
Prosperity For New America (EIN: 753261211) is a registered tax-exempt nonprofit based in Minnesota. It has 2 years of IRS 990 filings on record. Total revenue: $145K. No red flags identified. Financial health grade: C.
How does Prosperity For New America spend its money?
Prosperity For New America reported $145K in total revenue in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Prosperity For New America tax-deductible?
Prosperity For New America is registered as a tax-exempt nonprofit (EIN: 753261211). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Prosperity For New America located?
Prosperity For New America is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 753261211. It is classified under NTEE code P84.
How many years of IRS 990 filings does Prosperity For New America have?
Prosperity For New America 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 $145K in total revenue.
Filing History
IRS 990 filing history for Prosperity For New America showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2021–2022), Prosperity For New America's revenue has declined by 91.5%, moving from $413K to $35K. Total assets decreased by 83.9% over the same period, from $228K to $37K. Total functional expenses fell by 76.5%, from $417K to $98K. In its most recent filing year (2022), Prosperity For New America reported a deficit of $63K, with expenses exceeding revenue. The organization holds $93K in liabilities against $37K in assets (debt-to-asset ratio: 253.2%), resulting in net assets of $-56,099.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $35K | $98K | $37K | $93K | — | — |
| 2021 | $413K | $417K | $228K | $221K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Prosperity For New America:
Data Sources and Methodology
This transparency report for Prosperity For New America 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.