Prudential Foundation Inc
Prudential Foundation: Strong Asset Base, Fluctuating Revenue
EIN: 222175290 · Newark, NJ · NTEE: T20 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $73.0M |
| Total Expenses | $52.1M |
| Program Spending | 80% |
| Net Assets | $51.7M |
| Transparency Score | 85/100 |
Is Prudential Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Prudential Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Prudential Foundation Inc
Prudential Foundation Inc (EIN: 222175290) is a nonprofit organization based in Newark, NJ, classified under NTEE code T20. The organization reported total revenue of $73.0M and total assets of $71.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prudential Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Prudential Foundation Inc is a major nonprofit that has been operating for 49 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $32.4M |
| Total Expenses | $52.1M |
| Surplus / Deficit | $-19,688,682 |
| Total Assets | $76.2M |
| Total Liabilities | $24.5M |
| Net Assets | $51.7M |
| Operating Margin | -60.8% |
| Debt-to-Asset Ratio | 32.1% |
| Months of Reserves | 17.6 months |
Financial Health Grade: B
In 2023, Prudential Foundation Inc reported a deficit of $19.7M with expenses exceeding revenue, holds 17.6 months of operating reserves (strong position), has a debt-to-asset ratio of 32.1% (moderate leverage).
Financial Trends
Over 10 years of filings (2011–2023), Prudential Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4910.7% | +81.6% | -6.7% |
| 2022 | -98.8% | -40.2% | -40.7% |
| 2021 | -31.3% | +2.0% | -0.8% |
| 2020 | +389.3% | -5.2% | +32.3% |
| 2019 | -82.9% | +8.4% | -26.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1977 |
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 Prudential Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Prudential Foundation Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $19.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 32.1%.
Executive Compensation Analysis
Executive compensation is not directly reported within the foundation's filings, suggesting it is likely absorbed by the parent company, Prudential Financial, rather than being a direct expense of the foundation itself.
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 Prudential Foundation Inc's IRS 990 filings:
- Significant fluctuations in reported revenue, from $92,161,809 in 2015 to $646,652 in 2022, then up to $32,401,528 in 2023, could indicate reliance on variable corporate contributions or specific large grants.
- The consistent 'c0%' for compensation across all available filings might obscure the true cost of executive oversight if it's fully borne by the parent company, making it difficult to assess the full administrative efficiency of the foundation in isolation.
Strengths
The following positive indicators were identified for Prudential Foundation Inc:
- Maintains a robust asset base, with $76,187,343 in 2023, providing a strong financial cushion for future programs.
- Consistently high program spending relative to administrative and fundraising costs, indicating a focus on mission delivery.
- Part of a large, reputable corporation (Prudential Financial), which can provide stability and operational support.
Frequently Asked Questions about Prudential Foundation Inc
Is Prudential Foundation Inc a legitimate charity?
Prudential Foundation Inc (EIN: 222175290) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $73.0M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Prudential Foundation Inc spend its money?
Prudential Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Prudential Foundation Inc tax-deductible?
Prudential Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222175290). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Prudential Foundation Inc's spending goes to programs?
Prudential Foundation Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Prudential Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Prudential Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Prudential Foundation Inc located?
Prudential Foundation Inc is headquartered in Newark, New Jersey and files with the IRS under EIN 222175290. It is classified under NTEE code T20.
How many years of IRS 990 filings does Prudential Foundation Inc have?
Prudential Foundation Inc has 10 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 $73.0M in total revenue.
What does Prudential Foundation Inc do?
Prudential Foundation Inc is a nonprofit organization in the Philanthropy, Voluntarism & Grantmaking sector, located in Newark, New Jersey. It is classified under NTEE code T20.
How much revenue does Prudential Foundation Inc have?
Prudential Foundation Inc reported total revenue of $72,986,293. Based on 10 IRS 990 filings on record.
What are Prudential Foundation Inc's total assets?
Prudential Foundation Inc holds total assets of $71,396,350 as reported in IRS 990 filings.
Where is Prudential Foundation Inc located?
Prudential Foundation Inc is based in Newark, New Jersey.
What is Prudential Foundation Inc's EIN?
Prudential Foundation Inc's Employer Identification Number (EIN) is 222175290. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Prudential Foundation Inc?
Prudential Foundation Inc is classified under NTEE code T20 (Philanthropy, Voluntarism & Grantmaking).
Is Prudential Foundation Inc a registered 501(c)(3)?
Yes, Prudential Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 222175290.
Does Prudential Foundation Inc file IRS Form 990?
Yes, Prudential Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Prudential Foundation Inc's revenue in 2023?
In the 202312 filing period, Prudential Foundation Inc reported total revenue of $32,401,528, total expenses of $52,090,210, and net assets of $76,187,343.
Is Prudential Foundation Inc's revenue growing or declining?
Prudential Foundation Inc's revenue is growing. Revenue went from $646,652 (202212) to $32,401,528 (202312), a +4910.7% change. Based on 10 filings on record.
What is Prudential Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Prudential Foundation Inc covers tax period 202312. It shows revenue of $32,401,528, expenses of $52,090,210, total assets of $76,187,343, and liabilities of $24,491,047.
How much does Prudential Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Prudential Foundation Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Prudential Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Prudential Foundation Inc appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Prudential Foundation Inc?
The following concerns were identified: Significant fluctuations in reported revenue, from $92,161,809 in 2015 to $646,652 in 2022, then up to $32,401,528 in 2023, could indicate reliance on variable corporate contributions or specific large grants.. The consistent 'c0%' for compensation across all available filings might obscure the true cost of executive oversight if it's fully borne by the parent company, making it difficult to assess the full administrative efficiency of the foundation in isolation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Prudential Foundation Inc's strengths?
Positive indicators for Prudential Foundation Inc include: Maintains a robust asset base, with $76,187,343 in 2023, providing a strong financial cushion for future programs.. Consistently high program spending relative to administrative and fundraising costs, indicating a focus on mission delivery.. Part of a large, reputable corporation (Prudential Financial), which can provide stability and operational support.. These findings are derived from AI analysis of the organization's financial filings.
How does Prudential Foundation Inc compensate executives?
Executive compensation is not directly reported within the foundation's filings, suggesting it is likely absorbed by the parent company, Prudential Financial, rather than being a direct expense of the foundation itself. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Prudential Foundation Inc?
The foundation consistently reports 0% for compensation, which may indicate executive compensation is covered by the parent company, Prudential Financial, rather than directly by the foundation. Financial filings are publicly available and detailed. The organization's tax-exempt status (T20) is clearly stated. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does the Prudential Foundation ensure its mission alignment and operational independence given its close ties and likely financial support from its parent company, Prudential Financial?
While the foundation benefits from the parent company's resources, the consistent reporting of 0% compensation within its own filings suggests that executive oversight and potentially other administrative functions are handled at the corporate level. This structure could allow the foundation to allocate a higher percentage of its direct funds to programs, but also raises questions about the distinct governance and decision-making processes for grantmaking.
What factors contribute to the extreme volatility in the foundation's reported revenue, and how does this impact long-term strategic planning for grant disbursements?
The revenue figures, such as $92,161,809 in 2015 versus $646,652 in 2022, suggest a reliance on large, potentially infrequent contributions, likely from the parent company. This volatility could necessitate a flexible grantmaking strategy, potentially focusing on multi-year commitments during high-revenue periods and more targeted, smaller grants during leaner years, while relying on the substantial asset base ($76,187,343 in 2023) to smooth out operational funding.
Filing History
IRS 990 filing history for Prudential Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Prudential Foundation Inc's revenue has declined by 15.1%, moving from $38.2M to $32.4M. Total assets decreased by 24% over the same period, from $100.2M to $76.2M. Total functional expenses rose by 71.8%, from $30.3M to $52.1M. In its most recent filing year (2023), Prudential Foundation Inc reported a deficit of $19.7M, with expenses exceeding revenue. The organization holds $24.5M in liabilities against $76.2M in assets (debt-to-asset ratio: 32.1%), resulting in net assets of $51.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $32.4M | $52.1M | $76.2M | $24.5M | — | View 990 |
| 2022 | $647K | $28.7M | $81.7M | $16.3M | — | View 990 |
| 2021 | $53.1M | $48.0M | $137.7M | $33.2M | — | View 990 |
| 2020 | $77.3M | $47.0M | $138.7M | $34.4M | — | — |
| 2019 | $15.8M | $49.6M | $104.8M | $34.8M | — | View 990 |
| 2015 | $92.2M | $45.8M | $143.4M | $20.8M | — | View 990 |
| 2014 | $41.0M | $35.6M | $95.1M | $15.2M | — | View 990 |
| 2013 | $15.4M | $29.8M | $87.5M | $14.7M | — | View 990 |
| 2012 | $35.1M | $29.2M | $107.2M | $15.3M | — | View 990 |
| 2011 | $38.2M | $30.3M | $100.2M | $16.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $32.4M, expenses of $52.1M, and assets of $76.2M (revenue +4910.7% year-over-year).
- 2022: Revenue of $647K, expenses of $28.7M, and assets of $81.7M (revenue -98.8% year-over-year).
- 2021: Revenue of $53.1M, expenses of $48.0M, and assets of $137.7M (revenue -31.3% year-over-year).
- 2020: Revenue of $77.3M, expenses of $47.0M, and assets of $138.7M (revenue +389.3% year-over-year).
- 2019: Revenue of $15.8M, expenses of $49.6M, and assets of $104.8M (revenue -82.9% year-over-year).
- 2015: Revenue of $92.2M, expenses of $45.8M, and assets of $143.4M (revenue +125.0% year-over-year).
- 2014: Revenue of $41.0M, expenses of $35.6M, and assets of $95.1M (revenue +165.3% year-over-year).
- 2013: Revenue of $15.4M, expenses of $29.8M, and assets of $87.5M (revenue -56.0% year-over-year).
- 2012: Revenue of $35.1M, expenses of $29.2M, and assets of $107.2M (revenue -8.0% year-over-year).
- 2011: Revenue of $38.2M, expenses of $30.3M, and assets of $100.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Prudential Foundation Inc:
Data Sources and Methodology
This transparency report for Prudential Foundation Inc 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.