The Prospect Advancement Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAWRENCE, MA. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $988K in total assets. In 2024, it awarded 3 grants totaling $27K. Net investment income was $7K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$988K
-1.4% YoY
Annual Giving
$27K
-32.5% YoY
Grant Count
3
+200.0% YoY
Avg Grant Size
$9K
-77.5% YoY
About The Prospect Advancement Fund
Based on IRS filings
The Prospect Advancement Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAWRENCE, MA. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $988K in total assets. In 2024, it awarded 3 grants totaling $27K. Net investment income was $7K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 |
|---|---|---|
| Total Assets | $987,684 | $1,001,977 |
| Revenue | $40,155 | $1,046,600 |
| Expenses | $55,233 | $44,623 |
| Qualifying Distributions | $46,656 | $40,000 |
| Net Investment Income | $6,578 | — |
| Distributable Amount | $50,565 | $31,489 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICARDO NEAL | PRESIDENT | 5 | $9,000 |
| ATIYA DANGLEBEN NEAL | TREASURER | 1 | — |
| ANTHONY DEVOE | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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