Nonprofit screen
Screen a listProsperus Detroit Micro Lending
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- Reinstated
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- No record
- Charity type
- 509(a)(2)
$4.2Mrevenue
FY2024 · +107% in 3 yrs20staff
6 of 6years filed
’19’20’21’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin23.8%
Months of reserve7.2mo
Revenue growth (annualized)+167.5%
Middle half of peersMedianProsperus Detroit Micro Lending
Where the money goes FY2024 · $3.2M spent
Programs$2.5M79%Management and general$523k16%Fundraising$152k5%990 FY2024 · Part IX line 25
Nothing to check in the filings
In its favor2
Strong governance
8 of 8 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VIGrowing faster than peers
Revenue up 167% a year since FY2019, in the top quarter of similar nonprofits.
990 Part I · peer cohort16funders
$1.3Ma year, last 3 years
39%from its largest funder
Funder’20’21’22’23The Ralph C Wilson Jr FoundationSince FY2022$375k$275kWK Kellogg FoundationSince FY2022$250k$375kJpmorgan Chase FoundationOn and off$200kLocal Initiatives Support CorporationStopped after FY2022$47k$65k$31k–Ford PhilanthropySince FY2021$40k$40k$40kThe Gilbert Family FoundationOn and off$115kDonor-advised giftsDonors not disclosed$45k$1.0M$500k$292k5 other fundersUp to $100k a year each$65k$145k$76k
FundedThrough a donor-advised fundStopped