Prosperity Lane Community Water And Sewer Association Incorporated
EIN: 840684954 · Lamar, CO
| Metric | Value |
|---|---|
| Total Revenue | $202K |
| Total Expenses | $144K |
| Net Assets | $1.3M |
Is Prosperity Lane Community Water And Sewer Association Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Prosperity Lane Community Water And Sewer Association Incorporated
Prosperity Lane Community Water And Sewer Association Incorporated (EIN: 840684954) is a nonprofit organization based in Lamar, CO. The organization reported total revenue of $202K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prosperity Lane Community Water And Sewer Association Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Prosperity Lane Community Water And Sewer Association Incorporated is a small nonprofit that has been operating for 48 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $156K |
| Total Expenses | $144K |
| Surplus / Deficit | +$12K |
| Total Assets | $1.3M |
| Total Liabilities | $13K |
| Net Assets | $1.3M |
| Operating Margin | 7.5% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 109.8 months |
Financial Health Grade: A
In 2023, Prosperity Lane Community Water And Sewer Association Incorporated reported a surplus of $12K with revenue exceeding expenses, holds 109.8 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Prosperity Lane Community Water And Sewer Association Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.2% | -0.6% | +1.2% |
| 2022 | -0.6% | +10.4% | +0.7% |
| 2021 | +0.9% | -4.8% | +2.5% |
| 2020 | +13.5% | +20.1% | +1.6% |
| 2019 | -1.2% | -2.0% | -4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1978 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Prosperity Lane Community Water And Sewer Association Incorporated 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 Lane Community Water And Sewer Association Incorporated 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 $12K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.0%.
Frequently Asked Questions about Prosperity Lane Community Water And Sewer Association Incorporated
Is Prosperity Lane Community Water And Sewer Association Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Prosperity Lane Community Water And Sewer Association Incorporated (EIN: 840684954) insufficient data. 0 red flags identified, 0 strengths noted.
How does Prosperity Lane Community Water And Sewer Association Incorporated spend its money?
Detailed spending breakdown data is not yet available for Prosperity Lane Community Water And Sewer Association Incorporated. Check back for updated IRS 990 analysis.
Are donations to Prosperity Lane Community Water And Sewer Association Incorporated tax-deductible?
Prosperity Lane Community Water And Sewer Association Incorporated is registered as a tax-exempt nonprofit (EIN: 840684954). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Prosperity Lane Community Water And Sewer Association Incorporated located?
Prosperity Lane Community Water And Sewer Association Incorporated is headquartered in Lamar, Colorado and files with the IRS under EIN 840684954.
How many years of IRS 990 filings does Prosperity Lane Community Water And Sewer Association Incorporated have?
Prosperity Lane Community Water And Sewer Association Incorporated has 14 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 $202K in total revenue.
Filing History
IRS 990 filing history for Prosperity Lane Community Water And Sewer Association Incorporated showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Prosperity Lane Community Water And Sewer Association Incorporated's revenue has grown by 12.3%, moving from $139K to $156K. Total assets increased by 11% over the same period, from $1.2M to $1.3M. Total functional expenses rose by 6.5%, from $135K to $144K. In its most recent filing year (2023), Prosperity Lane Community Water And Sewer Association Incorporated reported a surplus of $12K, with revenue exceeding expenses. The organization holds $13K in liabilities against $1.3M in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $156K | $144K | $1.3M | $13K | — | View 990 |
| 2022 | $158K | $145K | $1.3M | $9K | — | View 990 |
| 2021 | $159K | $131K | $1.3M | $10K | — | View 990 |
| 2020 | $157K | $138K | $1.3M | $8K | — | — |
| 2019 | $138K | $115K | $1.2M | $13K | — | View 990 |
| 2018 | $140K | $117K | $1.3M | $100K | — | View 990 |
| 2017 | $137K | $107K | $1.3M | $102K | — | View 990 |
| 2016 | $148K | $121K | $1.3M | $115K | — | View 990 |
| 2015 | $140K | $133K | $1.2M | $125K | — | View 990 |
| 2014 | $138K | $73K | $1.3M | $195K | — | View 990 |
| 2013 | $139K | $26K | $1.3M | $203K | — | View 990 |
| 2012 | $153K | $112K | $1.3M | $211K | — | View 990 |
| 2011 | $161K | $25K | $1.2M | $218K | — | View 990 |
| 2010 | $139K | $135K | $1.2M | $225K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $156K, expenses of $144K, and assets of $1.3M (revenue -1.2% year-over-year).
- 2022: Revenue of $158K, expenses of $145K, and assets of $1.3M (revenue -0.6% year-over-year).
- 2021: Revenue of $159K, expenses of $131K, and assets of $1.3M (revenue +0.9% year-over-year).
- 2020: Revenue of $157K, expenses of $138K, and assets of $1.3M (revenue +13.5% year-over-year).
- 2019: Revenue of $138K, expenses of $115K, and assets of $1.2M (revenue -1.2% year-over-year).
- 2018: Revenue of $140K, expenses of $117K, and assets of $1.3M (revenue +2.3% year-over-year).
- 2017: Revenue of $137K, expenses of $107K, and assets of $1.3M (revenue -7.7% year-over-year).
- 2016: Revenue of $148K, expenses of $121K, and assets of $1.3M (revenue +5.9% year-over-year).
- 2015: Revenue of $140K, expenses of $133K, and assets of $1.2M (revenue +1.2% year-over-year).
- 2014: Revenue of $138K, expenses of $73K, and assets of $1.3M (revenue -0.5% year-over-year).
- 2013: Revenue of $139K, expenses of $26K, and assets of $1.3M (revenue -9.1% year-over-year).
- 2012: Revenue of $153K, expenses of $112K, and assets of $1.3M (revenue -4.9% year-over-year).
- 2011: Revenue of $161K, expenses of $25K, and assets of $1.2M (revenue +16.0% year-over-year).
- 2010: Revenue of $139K, expenses of $135K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Prosperity Lane Community Water And Sewer Association Incorporated:
Data Sources and Methodology
This transparency report for Prosperity Lane Community Water And Sewer Association Incorporated 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.