Nonprofit · EIN 23-3089308
WHY NOT PROSPER INC
Tax-exempt · PHILADELPHIA, PA 19144
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,260,691 | $2,239,152 | $21,539 | $706,673 | $459,994 | $246,679 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,210,569
- of which government grants
- $86,027
- Program service revenue
- $32,170
- Investment income
- $0
- Other revenue
- $17,952
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $100,000
- Other salaries and wages
- $677,562
- Salaries, compensation and benefits (total)
- $882,486
- Professional fundraising fees
- $0
- Legal fees
- $28,491
- Accounting fees
- $28,491
- Occupancy
- $26,829
- Travel
- $260,829
- Program services (functional)
- $1,975,236
- Management and general (functional)
- $263,916
Balance sheet and other
- Total assets, start of year
- $580,776
- Total assets, end of year
- $706,673
- Total liabilities, end of year
- $459,994
- Net assets, end of year
- $246,679
- Land, buildings and equipment
- $470,532
- Net assets without donor restrictions
- $246,679
- Gross receipts
- $2,260,691
- Employees
- 34
- Volunteers
- 5
- Year formed
- 2001
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIE CURRIE | Member Trustee or director | 0 | $0 |
| CAROL AUSTIN | Member Trustee or director | 0 | $0 |
| DANEA LANGSTON-BANKS | Member Trustee or director | 0 | $0 |
| SAM STATEN | Business Manager Trustee or director | 0 | $0 |
| MICHELLE A SIMMONS | President and CEO Officer | 0 | $0 |
| ARETHA SWIFT | Member Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 717 E CHELTEN AVE, PHILADELPHIA, PA 19144-1206
- In care of
- % MICHELLE A SIMMONS
- Principal officer (990 for 2025)
- Michelle A Simmons, 717 E Chelten Avenue, Philadelphia, PA 19144
- Signed the 990
- MICHELLE A SIMMONS, Rev
- Phone
- (215) 842-2360
- Return prepared by
- Sanders and Associates 2020
Mission
Provided residential services for female ex-offenders
Program accomplishments
- Provide housing and social services to women recently incarceratedExpenses $1,975,257
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-3089308
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $706,673
- Income (IRS master file)
- $2,260,691
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | – | – | – | IRS |
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $1,599,797 | $1,591,266 | $714,990 | IRS |
| 990 | December 2022 | $1,072,922 | $1,107,496 | $627,793 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about WHY NOT PROSPER INC
- What is the EIN of WHY NOT PROSPER INC?
- The employer identification number (EIN) of WHY NOT PROSPER INC is 23-3089308.
- Is WHY NOT PROSPER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to WHY NOT PROSPER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WHY NOT PROSPER INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WHY NOT PROSPER INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WHY NOT PROSPER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of WHY NOT PROSPER INC?
- The 990 for the year ended December 31, 2025 names Michelle A Simmons.
- Who are the officers and directors of WHY NOT PROSPER INC?
- The 990 for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does WHY NOT PROSPER INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,260,691, expenses of $2,239,152 and total assets of $706,673 at year end.
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