Prudence Island School Foundation
EIN: 264731400 · Prudence Isl, RI · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $85K |
| Total Expenses | $92K |
| Net Assets | $397K |
Is Prudence Island School Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Prudence Island School Foundation
Prudence Island School Foundation (EIN: 264731400) is a nonprofit organization based in Prudence Isl, RI, classified under NTEE code B90. The organization reported total revenue of $85K and total assets of $478K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prudence Island School Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Prudence Island School Foundation is a micro nonprofit that has been operating for 15 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $94K |
| Total Expenses | $92K |
| Surplus / Deficit | +$1K |
| Total Assets | $435K |
| Total Liabilities | $38K |
| Net Assets | $397K |
| Operating Margin | 1.4% |
| Debt-to-Asset Ratio | 8.6% |
| Months of Reserves | 56.5 months |
Financial Health Grade: A
In 2024, Prudence Island School Foundation reported a surplus of $1K with revenue exceeding expenses, holds 56.5 months of operating reserves (strong position), has a debt-to-asset ratio of 8.6% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Prudence Island School Foundation's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -19.0% | -9.7% | +0.6% |
| 2023 | -1.0% | +15.7% | +3.1% |
| 2022 | -62.4% | +3.0% | +7.9% |
| 2021 | +267.4% | +15.5% | +136.6% |
| 2020 | -17.8% | +3.2% | +33.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Prudence Island School 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 Prudence Island School 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.6%.
Frequently Asked Questions about Prudence Island School Foundation
Is Prudence Island School Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Prudence Island School Foundation (EIN: 264731400) insufficient data. 0 red flags identified, 0 strengths noted.
How does Prudence Island School Foundation spend its money?
Detailed spending breakdown data is not yet available for Prudence Island School Foundation. Check back for updated IRS 990 analysis.
Are donations to Prudence Island School Foundation tax-deductible?
Prudence Island School Foundation is registered as a tax-exempt nonprofit (EIN: 264731400). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Prudence Island School Foundation located?
Prudence Island School Foundation is headquartered in Prudence Isl, Rhode Island and files with the IRS under EIN 264731400. It is classified under NTEE code B90.
How many years of IRS 990 filings does Prudence Island School Foundation have?
Prudence Island School Foundation 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 $85K in total revenue.
Filing History
IRS 990 filing history for Prudence Island School Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Prudence Island School Foundation's revenue has grown by 33.9%, moving from $70K to $94K. Total assets increased by 1124.5% over the same period, from $36K to $435K. Total functional expenses rose by 55.2%, from $60K to $92K. In its most recent filing year (2024), Prudence Island School Foundation reported a surplus of $1K, with revenue exceeding expenses. The organization holds $38K in liabilities against $435K in assets (debt-to-asset ratio: 8.6%), resulting in net assets of $397K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $94K | $92K | $435K | $38K | — | — |
| 2023 | $116K | $102K | $433K | $36K | — | View 990 |
| 2022 | $117K | $88K | $420K | $37K | — | View 990 |
| 2021 | $310K | $86K | $389K | $35K | — | View 990 |
| 2020 | $85K | $74K | $164K | $35K | — | View 990 |
| 2019 | $103K | $72K | $123K | $4K | — | View 990 |
| 2018 | $97K | $87K | $92K | $3K | — | View 990 |
| 2017 | $86K | $84K | $82K | $3K | — | View 990 |
| 2016 | $79K | $83K | $83K | $7K | — | View 990 |
| 2015 | $94K | $103K | $88K | $7K | — | View 990 |
| 2014 | $111K | $107K | $93K | $3K | — | View 990 |
| 2013 | $113K | $75K | $90K | $4K | — | View 990 |
| 2012 | $59K | $34K | $48K | $1K | — | — |
| 2011 | $70K | $60K | $36K | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $94K, expenses of $92K, and assets of $435K (revenue -19.0% year-over-year).
- 2023: Revenue of $116K, expenses of $102K, and assets of $433K (revenue -1.0% year-over-year).
- 2022: Revenue of $117K, expenses of $88K, and assets of $420K (revenue -62.4% year-over-year).
- 2021: Revenue of $310K, expenses of $86K, and assets of $389K (revenue +267.4% year-over-year).
- 2020: Revenue of $85K, expenses of $74K, and assets of $164K (revenue -17.8% year-over-year).
- 2019: Revenue of $103K, expenses of $72K, and assets of $123K (revenue +5.7% year-over-year).
- 2018: Revenue of $97K, expenses of $87K, and assets of $92K (revenue +13.0% year-over-year).
- 2017: Revenue of $86K, expenses of $84K, and assets of $82K (revenue +9.3% year-over-year).
- 2016: Revenue of $79K, expenses of $83K, and assets of $83K (revenue -16.2% year-over-year).
- 2015: Revenue of $94K, expenses of $103K, and assets of $88K (revenue -15.1% year-over-year).
- 2014: Revenue of $111K, expenses of $107K, and assets of $93K (revenue -2.5% year-over-year).
- 2013: Revenue of $113K, expenses of $75K, and assets of $90K (revenue +92.2% year-over-year).
- 2012: Revenue of $59K, expenses of $34K, and assets of $48K (revenue -15.6% year-over-year).
- 2011: Revenue of $70K, expenses of $60K, and assets of $36K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Prudence Island School Foundation:
Data Sources and Methodology
This transparency report for Prudence Island School 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.