Prudence Conservancy
Prudence Conservancy: Strong Asset Base, Inconsistent Revenue
EIN: 222881005 · Prudence Isl, RI · NTEE: C300 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $83K |
| Total Expenses | $220K |
| Program Spending | 70% |
| Net Assets | $5.6M |
| Transparency Score | 75/100 |
Is Prudence Conservancy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Prudence Conservancy directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Prudence Conservancy
Prudence Conservancy (EIN: 222881005) is a nonprofit organization based in Prudence Isl, RI, classified under NTEE code C300. The organization reported total revenue of $83K and total assets of $5.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prudence Conservancy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Prudence Conservancy is a micro nonprofit that has been operating for 38 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 5.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $245K |
| Total Expenses | $220K |
| Surplus / Deficit | +$26K |
| Total Assets | $5.6M |
| Total Liabilities | $53K |
| Net Assets | $5.6M |
| Operating Margin | 10.5% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 308.1 months |
Financial Health Grade: A
In 2023, Prudence Conservancy reported a surplus of $26K with revenue exceeding expenses, holds 308.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Prudence Conservancy's revenue has grown at a compound annual growth rate (CAGR) of 5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +440.0% | +305.1% | +1.3% |
| 2022 | -25.5% | +18.6% | -0.1% |
| 2021 | +81.3% | +51.8% | +0.3% |
| 2020 | -62.2% | -34.5% | +0.0% |
| 2019 | +73.3% | -58.2% | +0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Prudence Conservancy with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Prudence Conservancy allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $26K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.9%.
Executive Compensation Analysis
Executive compensation is not separately disclosed in the provided data, making a specific assessment difficult. The 'x' value, representing total expenses, includes all operational costs.
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 Prudence Conservancy's IRS 990 filings:
- Significant year-over-year fluctuations in revenue, e.g., from $45,462 in 2022 to $245,484 in 2023, raise questions about funding stability.
- Lack of detailed program spending breakdown makes it difficult to assess the direct impact of funds.
- The organization's liabilities have increased from $3,771 in 2022 to $52,834 in 2023, warranting further investigation.
Strengths
The following positive indicators were identified for Prudence Conservancy:
- Consistent and substantial asset base, exceeding $5.5 million annually, indicates financial stability.
- The organization has maintained a positive net asset position over the entire period.
- Low percentage of liabilities relative to assets, even with the recent increase.
Frequently Asked Questions about Prudence Conservancy
Is Prudence Conservancy a legitimate charity?
Based on AI analysis of IRS 990 filings, Prudence Conservancy (EIN: 222881005) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Prudence Conservancy spend its money?
Prudence Conservancy directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Prudence Conservancy tax-deductible?
Prudence Conservancy is registered as a tax-exempt nonprofit (EIN: 222881005). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Prudence Conservancy's spending goes to programs?
Prudence Conservancy directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Prudence Conservancy compare to similar nonprofits?
With a transparency score of 75/100 (Good), Prudence Conservancy is above average for NTEE category C300 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Prudence Conservancy located?
Prudence Conservancy is headquartered in Prudence Isl, Rhode Island and files with the IRS under EIN 222881005. It is classified under NTEE code C300.
How many years of IRS 990 filings does Prudence Conservancy have?
Prudence Conservancy 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 $83K in total revenue.
What does Prudence Conservancy do?
Prudence Conservancy is a nonprofit organization in the Environment sector, located in Prudence Isl, Rhode Island. It is classified under NTEE code C300.
How much revenue does Prudence Conservancy have?
Prudence Conservancy reported total revenue of $82,898. Based on 14 IRS 990 filings on record.
What are Prudence Conservancy's total assets?
Prudence Conservancy holds total assets of $5,626,446 as reported in IRS 990 filings.
Where is Prudence Conservancy located?
Prudence Conservancy is based in Prudence Isl, Rhode Island.
What is Prudence Conservancy's EIN?
Prudence Conservancy's Employer Identification Number (EIN) is 222881005. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Prudence Conservancy?
Prudence Conservancy is classified under NTEE code C300 (Environment).
Is Prudence Conservancy a registered 501(c)(3)?
Yes, Prudence Conservancy is recognized as a tax-exempt organization by the IRS. EIN: 222881005.
Does Prudence Conservancy file IRS Form 990?
Yes, Prudence Conservancy has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Prudence Conservancy's revenue in 2023?
In the 202312 filing period, Prudence Conservancy reported total revenue of $245,484, total expenses of $219,700, and net assets of $5,640,365.
Is Prudence Conservancy's revenue growing or declining?
Prudence Conservancy's revenue is growing. Revenue went from $45,462 (202212) to $245,484 (202312), a +440.0% change. Based on 14 filings on record.
What is Prudence Conservancy's most recent 990 filing?
The most recent IRS Form 990 filing for Prudence Conservancy covers tax period 202312. It shows revenue of $245,484, expenses of $219,700, total assets of $5,640,365, and liabilities of $52,834.
How much does Prudence Conservancy spend on programs vs administration?
Based on IRS 990 analysis, Prudence Conservancy allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Prudence Conservancy a trustworthy charity?
Based on AI analysis of IRS 990 data, Prudence Conservancy appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Prudence Conservancy?
The following concerns were identified: Significant year-over-year fluctuations in revenue, e.g., from $45,462 in 2022 to $245,484 in 2023, raise questions about funding stability.. Lack of detailed program spending breakdown makes it difficult to assess the direct impact of funds.. The organization's liabilities have increased from $3,771 in 2022 to $52,834 in 2023, warranting further investigation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Prudence Conservancy's strengths?
Positive indicators for Prudence Conservancy include: Consistent and substantial asset base, exceeding $5.5 million annually, indicates financial stability.. The organization has maintained a positive net asset position over the entire period.. Low percentage of liabilities relative to assets, even with the recent increase.. These findings are derived from AI analysis of the organization's financial filings.
How does Prudence Conservancy compensate executives?
Executive compensation is not separately disclosed in the provided data, making a specific assessment difficult. The 'x' value, representing total expenses, includes all operational costs. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Prudence Conservancy?
- Financial statements are publicly available through IRS filings. - No detailed program reports or impact metrics are readily accessible. - Executive compensation details are not explicitly broken down beyond aggregate figures. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What caused the significant increase in revenue from $45,462 in 2022 to $245,484 in 2023?
The provided data does not specify the source of this revenue increase, but it represents a substantial one-year jump that could be due to a major grant, donation, or specific fundraising event.
How does Prudence Conservancy manage its substantial asset base, and what is the strategy for generating income from these assets?
While the asset base is consistently high, the revenue figures fluctuate significantly. This suggests that the assets may not be consistently generating substantial operational income, or that the income is highly dependent on sporadic contributions rather than asset-based returns.
Filing History
IRS 990 filing history for Prudence Conservancy showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Prudence Conservancy's revenue has grown by 102.6%, moving from $121K to $245K. Total assets increased by 27.7% over the same period, from $4.4M to $5.6M. Total functional expenses rose by 74.2%, from $126K to $220K. In its most recent filing year (2023), Prudence Conservancy reported a surplus of $26K, with revenue exceeding expenses. The organization holds $53K in liabilities against $5.6M in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $5.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $245K | $220K | $5.6M | $53K | — | — |
| 2022 | $45K | $54K | $5.6M | $4K | — | — |
| 2021 | $61K | $46K | $5.6M | $2K | — | View 990 |
| 2020 | $34K | $30K | $5.6M | $2K | — | — |
| 2019 | $89K | $46K | $5.6M | $3K | — | View 990 |
| 2018 | $51K | $110K | $5.5M | $3K | — | View 990 |
| 2017 | $80K | $55K | $5.6M | $4K | — | View 990 |
| 2016 | $50K | $103K | $5.5M | $2K | — | View 990 |
| 2015 | $843K | $102K | $5.6M | $2K | — | View 990 |
| 2014 | $48K | $46K | $4.9M | $2K | — | View 990 |
| 2013 | $57K | $52K | $4.9M | $2K | — | View 990 |
| 2012 | $164K | $36K | $4.8M | $2K | — | View 990 |
| 2011 | $361K | $56K | $4.7M | $3K | — | View 990 |
| 2010 | $121K | $126K | $4.4M | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $245K, expenses of $220K, and assets of $5.6M (revenue +440.0% year-over-year).
- 2022: Revenue of $45K, expenses of $54K, and assets of $5.6M (revenue -25.5% year-over-year).
- 2021: Revenue of $61K, expenses of $46K, and assets of $5.6M (revenue +81.3% year-over-year).
- 2020: Revenue of $34K, expenses of $30K, and assets of $5.6M (revenue -62.2% year-over-year).
- 2019: Revenue of $89K, expenses of $46K, and assets of $5.6M (revenue +73.3% year-over-year).
- 2018: Revenue of $51K, expenses of $110K, and assets of $5.5M (revenue -35.8% year-over-year).
- 2017: Revenue of $80K, expenses of $55K, and assets of $5.6M (revenue +59.8% year-over-year).
- 2016: Revenue of $50K, expenses of $103K, and assets of $5.5M (revenue -94.1% year-over-year).
- 2015: Revenue of $843K, expenses of $102K, and assets of $5.6M (revenue +1665.5% year-over-year).
- 2014: Revenue of $48K, expenses of $46K, and assets of $4.9M (revenue -16.1% year-over-year).
- 2013: Revenue of $57K, expenses of $52K, and assets of $4.9M (revenue -65.2% year-over-year).
- 2012: Revenue of $164K, expenses of $36K, and assets of $4.8M (revenue -54.6% year-over-year).
- 2011: Revenue of $361K, expenses of $56K, and assets of $4.7M (revenue +197.9% year-over-year).
- 2010: Revenue of $121K, expenses of $126K, and assets of $4.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Prudence Conservancy:
Data Sources and Methodology
This transparency report for Prudence Conservancy 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.