PROSPERUS DETROIT MICRO LENDING
DETROIT,
Michigan,
48202
EIN: 46-2997666
Community Improvement, Capacity Building
DEMOGRAPHIC
ADDRESS
440 BURROUGHS ST STE 360
48202
COUNTY
wayne county, MI
ORGANIZATIONAL OVERVIEW & RANKINGS
PROSPERUS DETROIT MICRO LENDING is a based in DETROIT, MI, focused on Community Improvement, Capacity Building causes , specifically Urban, Community Economic Development. Established in June 2020, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $3,608,105.00, this ranks 109,462 among 2,656,690 nonprofits nationally (Top 5%), demonstrating exceptional financial capacity relative to its peers. At the state level, it stands at 2,869 out of 79,991 organizations in MI (Top 4%).
In wayne county, MI, the organization ranks 521 out of 13,625 nonprofits by assets (Top 4%), while locally in detroit, it stands at 319 among 6,749 organizations (Top 5%).
The organization reported annual revenue of $3,302,099.00, ranking 62,871 nationally (Top 3%) and 1,724 in MI (Top 3%).
Within its specific NTEE classification (S31 - S: Community Improvement, Capacity Building), which includes 2,490 similar organizations, PROSPERUS DETROIT MICRO LENDING ranks 152 in assets (Top 7%) and 74 in revenue (Top 3%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2019 and was reinstated on May 15, 2019 .
The organization files a 990 (all other) or 990EZ return and operates on a November 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
S: Community Improvement, Capacity Building
NTEE CODE
S31: Urban, Community Economic Development
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Revoked: Wednesday, May 15, 2019;
Reinstated: Wednesday, May 15, 2019
TAX PERIOD
12/2022
ACCOUNTING PERIOD
12
INCOME CODE
6: $1,000,000 to $4,999,999
INCOME AMOUNT
$3,302,099.00
FORM 990 REVENUE AMOUNT
$3,302,099.00
RULING DATE
06/2020
ASSET CODE
6: $1,000,000 to $4,999,999
ASSET AMOUNT
$3,608,105.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 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.
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