Public Charity

Prosperus Detroit Micro Lending

Prosperus Detroit Micro Lending, of Detroit, MI, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $4.2M in revenue, $3.2M in expenses, $4.6M in total assets. 18 publicly reported grants to this organization, totaling roughly $4.4M, appear in IRS filings.

EIN: 462997666 Detroit, MI Urban & Community Economic Development NTEE: S31 Latest filing: 2024
Total Revenue$4.2M
Total Expenses$3.2M
Total Assets$4.6M
Grant Records18
Funding Total$4.4M
Filing Years2019–2024

Mission

ProsperUs advances economic equity in under-resourced communities by supporting entrepreneurs with opportunities and capital needed to build businesses, generational wealth, and vibrant neighborhoods.

Where $100 goes at Prosperus Detroit Micro Lending

How Prosperus Detroit Micro Lending divides every $100 it spends, from its own Form 990 filings, averaged across 5 years.

$78 Programs the work itself
$18 Management running the organization
$4 Fundraising raising the next dollar

Inside the $78 for programs

$78
Microlending
All program spending · Reported in the filing: 138 entrepreneurs
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

2024
COMMUNITY IMPROVEMENT & CAPACITY BUILDING
$250,000
$130,000
2024
CHARITABLE DONATION
$26,500
2023
COMMUNITY IMPROVEMENT & CAPACITY BUILDING
$291,600
2022
COMMUNITY IMPROVEMENT & CAPACITY BUILDING PROGRAM
$200,000

Showing up to 5 of 18 total records — full history available with membership.

Officers & Directors

Director Chanell R Contreras
Director Don Jones
Director Hector Hernandez
Manager Joanna Dueweke-Perez
Director Kimberly Faison
Manager Matthew Bihun

Officer compensation and complete director data available with membership.

Top Grant Purposes

Economic Development
$2,926,600 10 grants
General Support
$26,500 1 grant
Unspecified
$1,453,722 5 grants

Financial Trends

Year Revenue Expenses Assets
2024 $4.2M $3.2M $4.6M
2023 $1.8M $2.2M $4.2M
2022 $3.3M $2.0M $3.6M
2020 $1.4M $426K $2.1M
2019 $30K $8K $1.1M

Between 2019 and 2024, reported annual revenue grew from $30K to $4.2M (+13584%), with total assets most recently reported at $4.6M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for Prosperus Detroit Micro Lending

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