PROSPECT ADVANCEMENT FUND
LAWRENCE,
Massachusetts,
01841
EIN: 92-0403094
Philanthropy, Voluntarism and Grantmaking Foundations
DEMOGRAPHIC
ADDRESS
223 PROSPECT ST
01841
COUNTY
essex county, MA
IN CARE OF NAME
RICARDO NEAL
ORGANIZATIONAL OVERVIEW & RANKINGS
PROSPECT ADVANCEMENT FUND is a based in LAWRENCE, MA, focused on Philanthropy, Voluntarism and Grantmaking Foundations causes , specifically Private Independent Foundations. Established in December 2022, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $1,001,977.00, this ranks 214,385 among 2,656,690 nonprofits nationally (Top 9%), demonstrating substantial financial capacity relative to its peers. At the state level, it stands at 7,475 out of 58,562 organizations in MA (Top 13%).
In essex county, MA, the organization ranks 665 out of 5,801 nonprofits by assets (Top 12%), while locally in lawrence, it stands at 49 among 298 organizations (Top 17%).
The organization reported no revenue in the most recent filing period, placing it at 1,921,343 nationally and 44,580 in MA.
Within its specific NTEE classification (T22 - T: Philanthropy, Voluntarism and Grantmaking Foundations), which includes 25,677 similar organizations, PROSPECT ADVANCEMENT FUND ranks 8,850 in assets (Top 35%) and 3,359 in revenue (Top 14%).
The organization files a 990 - Not required to file(all other) and operates on a May fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
T: Philanthropy, Voluntarism and Grantmaking Foundations
NTEE CODE
T22: Private Independent Foundations
FOUNDATION CODE
N/A
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
06/2023
ACCOUNTING PERIOD
06
INCOME CODE
6: $1,000,000 to $4,999,999
INCOME AMOUNT
$1,046,600.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
12/2022
ASSET CODE
6: $1,000,000 to $4,999,999
ASSET AMOUNT
$1,001,977.00
FILING REQUIREMENT CODE
990 - Not required to file(all other)
PF FILING REQUIREMENT CODE
990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
Recently Saved Organizations
Click on the save icon from a search results or organization page.
