Alabama · Nonprofit
PROSPER FOUNDATION
PROSPER FOUNDATION (Alabama) receives grants from 5 organizations whose IRS filings report $1,772,965 to it, the largest being Walton Family Foundation Inc ($1,622,965). 2 of them have funded it in more than one year.
- Revenue FY2024
- $4.3M
- Funders on record
- 5
- Grants received
- $1.8M
- Net assets
- $5.8M
What Prosper Foundation does
Mission
Prosper is a coalition of community, civic, and business leaders committed to creating the most thriving economy in the southeast by aligning birmingham and jefferson county around job creation, job preparation, and job access goals and strategies.
As stated on its FY2024 Form 990.
Programs
Health tech accelerator connects cutting-edge, health technology startups to the coaching, capital, and connections they need to build and grow their businesses. The program aims to make birmingham the center of health technology solutions through investments in entrepreneurship, talent, and community engagements.
$1,155,359 spent26% of program spendingSmall business acceleration is an effort to properly identify the best ways to support small businesses in birmingham and provide support for various stages of business growth.
$995,416 spent22% of program spendingThe catalyze challenge is an effort to create educational experiences that bridge the gap between learning and work through corporate and community partnerships.
$628,186 spentof which $616,133 as grants14% of program spendingOther program services, not described on the e-filed return.
$1,732,026 spent38% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $4,510,987.
Who funds it, year by year
Grant support over time, funder by funder — shade shows the grant size each year.
Left out of every figure on this page: $399k from 3 payers (the payer shares this organization's board, largest The Community Foundation of Greater Birmingham). These are real filings, and they are not money PROSPER FOUNDATION raised.
From the IRS filings of PROSPER FOUNDATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
PROSPER FOUNDATION leans on a few funders — its largest provides 92% of grant income and the top three 99%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
PROSPER FOUNDATION draws 99% of its grant income from funders outside Alabama, across 4 states in all.
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
PROSPER FOUNDATION holds deeper cash reserves than three-quarters of the 11,263 human services nonprofits its size.
this organization peer median middle 50% of peers· 11,263 human services nonprofits $1M–$10M, FY2024
Organizations like PROSPER FOUNDATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Alabama
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
90% of spending goes to programs.
Governance
Public support
52%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for PROSPER FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds PROSPER FOUNDATION?
- PROSPER FOUNDATION (Alabama) receives grants from 5 organizations whose IRS filings report $1,772,965 to it, the largest being Walton Family Foundation Inc ($1,622,965). 2 of them have funded it in more than one year.
- How many funders does PROSPER FOUNDATION have?
- IRS filings report 5 organizations giving $1,772,965 in grants to PROSPER FOUNDATION, 2 of which have funded it in more than one year.
- Who is the largest funder of PROSPER FOUNDATION?
- Walton Family Foundation Inc is the largest funder on record, with $1,622,965 in grants. The full list of funders is on this page.
- How can an organization like PROSPER FOUNDATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Alabama. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2024–2024), and the filings of 5 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing