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EIN 26-3542359

Poverty 2 Prosperity

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Menlo Park
State
California
Year formed
2008
Most recent tax filings
2023-12-01
NTEE code, primary
Q33: International Relief
Description
Poverty 2 Prosperity makes 0% interest loans to the working poor as part of their mission. They boast a 99.45% repayment rate across their main funds which include General, Women's, Education, Personal Housing, Youth, Single Parents, Artisans and more. Repayments are recycled into new loans as soon as they are made.
Total revenues
$290,655
2023
Total expenses
$217,889
2023
Total assets
$134,228
2023
Num. employees
0
2023

Program areas at Poverty 2 Prosperity

We have a 99.45% repayment rate for our 0% interest loans made across our main funds (General, Women's, Education, Personal Housing, Youth, Single Parents, Artisans, and more). As soon as repayments are made, we put them back out into new loans.

Personnel at Poverty 2 Prosperity

NameTitleCompensation
Scott PatersonChief Executive Officer$0
John RehlingBoard Director$0
Elaine ChanSecretary$0

Financials for Poverty 2 Prosperity

RevenuesFYE 12/2023
Total grants, contributions, etc.$140,007
Program services$150,648
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$290,655

Form 990s for Poverty 2 Prosperity

Fiscal year endingDate received by IRSFormPDF link
2023-122024-04-09990View PDF
2022-122023-08-16990EZView PDF
2020-122022-03-30990EZView PDF
2019-122021-02-10990EZView PDF
2018-122019-08-29990EZView PDF
...and 4 more Form 990s

Organizations like Poverty 2 Prosperity

OrganizationLocationRevenue
The Zawadisha FundReno, NV$121,805
VocfinuKent, WA$160,755
WE InternationalMadison, WI$184,772
Microloan Foundation USAChestnut Hill, MA$109,156
Our BiswasEast Lansing, MI$118,538
TCP GlobalMiami, FL$282,539
The Greater ContributionThousand Oaks, CA$781,163
Kigali Center for EntrepreneursSonoma, CA$572,327
Adelante FoundationWoodside, CA$1,271,445
Shared InterestNew York, NY$1,153,728
Data update history
January 24, 2025
Updated personnel
Identified 2 new personnel
May 18, 2024
Posted financials
Added Form 990 for fiscal year 2023
October 11, 2023
Posted financials
Added Form 990EZ for fiscal year 2022
October 11, 2023
Updated personnel
Identified 2 new personnel
June 27, 2023
Received grants
Identified 1 new grant, including a grant for $35,000 from Willow Springs Charitable Trust
Nonprofit Types
International-focused organizationsCharities
Issues
Foreign affairsInternational development
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
5 Greenwood Pl
Menlo Park, CA 94025
Metro area
San Francisco-Oakland-Berkeley, CA
County
San Mateo County, CA
Website URL
poverty2prosperity.org/ 
Phone
(650) 444-1001
IRS details
EIN
26-3542359
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2008
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
Q33: International Relief
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
CT0156309
FTB Entity ID
3157245
AB 488 data last updated ("as-of") date
2025-02-05
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