DETROIT, MI
Prosperus Detroit Micro Lending
Quick Facts
- EIN
- 46-2997666
- Location
- DETROIT, MI
- Category
- Community Development
- NTEE Code
- S31
- Total Assets
- $4.6M
- Annual Income
- $4.2M
- Annual Revenue
- $4.2M
- IRS Ruling Year
- 2020
- Tax Subsection
- 501(c)(03)
About This Organization
Prosperus Detroit Micro Lending is a nonprofit organization based in DETROIT, MI. It received its IRS tax-exempt ruling in 2020. The organization is classified under IRC Section 501(c)(03). It operates in the area of community development. Total assets are reported at $4.6M. Annual income is $4.2M. The organization has received $2.9M in foundation grants from 8 funders. It has received $3.1M in federal awards from 2 agencies.
Grants Received from Foundations
Foundation grants awarded to Prosperus Detroit Micro Lending, based on IRS 990-PF filings.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| The Ralph C Wilson Jr Foundation | $200K | 2024 | Affordable & Accessible Microloan Capital for LMI Business Owners |
| Ford Foundation | $50K | 2024 | GENERAL SUPPORT |
| W K Kellogg Foundation | $375K | 2023 | provide general operating support to help the organization advance its mission of eliminating the racial gap through small business loans to excluded entrepreneurs |
| The Ralph C Wilson Jr Foundation | $275K | 2023 | TO CONTINUE TO GENERATE SMALL BUSINESS GROWTH AND NEIGHBORHOOD REVITALIZATION IN DETROIT, HAMTRAMCK AND HIGHLAND PARK. |
| Ford Philanthropy | $40K | 2023 | FORD RESOURCES AND ENGAGEMENT CENTERS |
| Ally Charitable Foundation | $36K | 2023 | PROSPERUS FINANCIAL COACHING FOR ENTREPRENEURS |
| Comerica Charitable Foundation | $15K | 2023 | ProsperUs Detroit Micro Lending |
| The Ralph C Wilson Jr Foundation | $375K | 2022 | TO SUPPORT SMALL BUSINESS GROWTH AND NEIGHBORHOOD REVITALIZATION |
| The Ralph C Wilson Jr Foundation | $375K | 2022 | TO SUPPORT SMALL BUSINESS GROWTH AND NEIGHBORHOOD REVITALIZATION |
| W K Kellogg Foundation | $250K | 2022 | provide general operating support to help the organization advance its mission of eliminating the racial gap through small business loans to excluded entrepreneurs |
| W K Kellogg Foundation | $250K | 2022 | provide general operating support to help the organization advance its mission of eliminating the racial gap through small business loans to excluded entrepreneurs |
| Gilbert Fam Foundation | $115K | 2022 | CAPACITY BUILDING |
| Gilbert Fam Foundation | $115K | 2022 | CAPACITY BUILDING |
| Ford Foundation | $100K | 2022 | GENERAL SUPPORT |
| Ford Foundation | $100K | 2022 | GENERAL SUPPORT |
| Ford Philanthropy | $40K | 2022 | FORD RESOURCES AND ENGAGEMENT CENTERS |
| Ford Philanthropy | $40K | 2022 | FORD RESOURCES AND ENGAGEMENT CENTERS |
| Comerica Charitable Foundation | $15K | 2022 | ProsperUS Detroit Micro Lending |
| Comerica Charitable Foundation | $15K | 2022 | ProsperUS Detroit Micro Lending |
| Bank Of America Charitable Foundation Inc. | $40K | 2021 | OPERATIONAL SUPPORT |
| Ford Philanthropy | $40K | 2021 | FORD RESOURCE AND ENGAGEMENT CENTER |
Federal Awards Received
Federal grants and cooperative agreements from USAspending.gov.
| Agency | Program | Amount | Year |
|---|---|---|---|
| Department of the Treasury | 7 awards totaling $1,770,000 | $1.8M | 2025 |
| Small Business Administration | 4 awards totaling $1,300,000 | $1.3M | 2025 |
Frequently Asked Questions
What does Prosperus Detroit Micro Lending do?
Prosperus Detroit Micro Lending is a nonprofit organization focused on community development, based in DETROIT, MI. It is classified under IRC Section 501(c)(03).
Who funds Prosperus Detroit Micro Lending?
Prosperus Detroit Micro Lending has received foundation grants from The Ralph C Wilson Jr Foundation, Ford Foundation, W K Kellogg Foundation, and others. It has also received federal awards from Department of the Treasury, Small Business Administration.
What is Prosperus Detroit Micro Lending's annual revenue?
Prosperus Detroit Micro Lending reports total assets of $4.6M. Annual income is $4.2M.
Where is Prosperus Detroit Micro Lending located?
Prosperus Detroit Micro Lending is located in DETROIT, MI.
Is Prosperus Detroit Micro Lending a 501(c)(3)?
Yes, Prosperus Detroit Micro Lending is a 501(c)(3) tax-exempt organization. Its EIN is 46-2997666. Donations to this organization may be tax-deductible.
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