Prosperity Now
Public records show a registered, tax-exempt organization in good standing.
What it says it does
PROSPERITY NOW INSPIRES BOLD ACTION AND PROVIDES ORGANIZATIONS WITH THE TOOLS, RESEARCH, AND RESOURCES NEEDED TO HELP PEOPLE BUILD PROSPERITY SO EVERYONE CAN THRIVE.
- Income
- $14.1 million
- Spending
- $19.6 million
- Spent on programs
- 76%
- Reserves
- -0.5 months of spending
- Largest source of income
- donations and private grants, 96%
- Employees
- 84
- Volunteers
- 12
- Highest pay
- $423,359, president & ceo
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 20 out of 100. Higher than 0% of charities in its peer group (community improvement, $10m to $100m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
5 of 20It owes 60% of what it owns.
Living within its means
0 of 15Spending exceeded income by 39% of income.
Income trend
0 of 15Income fell 31% on the year before.
Spending floor
15 of 1576% of spending went to programs and raising each dollar of donations cost 10 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 42% of charities in its peer group (community improvement, $10m to $100m).
Independent board
25 of 258 of 8 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $8.4 million spent. BUILDING HOUSEHOLD STABILITY THROUGH RESEARCH AND COLLABORATION:PROSPERITY NOW DRAWS ON LOCAL EXPERIENCE AND DATA TO STUDY FINANCIAL CHALLENGES AND IDENTIFY PRACTICAL SOLUTIONS THAT HELP HOUSEHOLDS BUILD STABILITY AND SECURITY. OUR CONNECTION WITH PRACTITIONERS ACROSS THE COUNTRY PROVIDES VALUABLE INSIGHTS ABOUT EMERGING RISKS AND OPPORTUNITIES FACING COMMUNITIES. WE INTEGRATE THESE INSIGHTS WITH RESEARCH AND ANALYSIS TO INFORM EVIDENCE-BASED STRATEGIES THAT STRENGTHEN FINANCIAL WELL-BEING.OUR WORK EXAMINES HOUSEHOLD CONDITIONS NATIONWIDE, DOCUMENTS INNOVATIVE PROGRAMS AND APPROACHES, AND BUILDS THE KNOWLEDGE BASE FOR WHAT WORKS IN PRACTICE WE SHARE THIS INFORMATION WITH PUBLIC, PRIVATE, AND NONPROFIT PARTNERS TO INFORM DECISIONS THAT SUPPORT FAMILIES AND COMMUNITIES.THROUGH THIS COMBINATION OF RESEARCH, EDUCATION, AND FIELD COLLABORATION, PROSPERITY NOW HELPS STRENGTHEN PROGRAMS THAT PROMOTE SAVINGS, FINANCIAL CAPABILITY, AND ACCESS TO HOMEOWNERSHIP.
- $4.3 million spent. RESEARCH AND FIELD ENGAGEMENT TO STRENGTHEN FINANCIAL SECURITY:PROSPERITY NOW SERVES AS A NATIONAL INTERMEDIARY CONNECTING RESEARCH, PRACTICE, AND INFORMATION-SHARING TO STRENGTHEN FINANCIAL STABILITY FOR INDIVIDUALS AND FAMILIES. WE PROVIDE CAPITAL, TECHNOLOGY, TRAINING, AND DATA-DRIVEN INSIGHTS TO HELP LOCAL ORGANIZATIONS STRENGTHEN PROGRAMS THAT BUILD HOUSEHOLD FINANCIAL STABILITY AND ECONOMIC OPPORTUNITY.THROUGH OUR NETWORK AND FIELD INSIGHTS, WE STUDY FINANCIAL CONDITIONS ACROSS ALL FIFTY STATES AND TERRITORIES, TRACK TRENDS THAT SHAPE HOUSEHOLD WELL-BEING, AND IDENTIFY STRATEGIES THAT IMPROVE OUTCOMES FOR FAMILIES AND COMMUNITIES. PROSPERITY NOW SHARES THESE FINDINGS WITH PUBLIC, PRIVATE, AND NONPROFIT PARTNERS TO SUPPORT INFORMED DECISION-MAKING AND PRACTICAL SOLUTIONS AT EVERY LEVEL.OUR WORK CENTERS ON FOUR KEY AREAS:- HOUSING & HOMEOWNERSHIP: EXPAND ACCESS TO STABLE HOUSING AND HOMEOWNERSHIP.- ENTREPRENEURSHIP & SMALL BUSINESS: INCREASE ACCESS TO RESPONSIBLE CAPITAL, SCALE JOB TRAINING, AND BUILD CAPACITY.- CHILD & FAMILY SUPPORT: ADVANCE EARLY SAVINGS, CHILD TAX CREDITS, AND PROGRAMS THAT PROMOTE FAMILY FINANCIAL STABILITY.- TAX OPPORTUNITY: IMPROVE ACCESS TO TAX-TIME BENEFITS AND SAVINGS FOR INDIVIDUALS AND FAMILIES.PROSPERITY NOW ALSO STRENGTHENS THE FIELD'S CAPACITY THROUGH TECHNOLOGY-ENABLED TOOLS AND SHARED RESOURCES THAT MAKE FINANCIAL COACHING, LENDING, AND DATA MANAGEMENT MORE EFFICIENT AND ACCESSIBLE FOR PRACTITIONERS NATIONWIDE.THROUGH THIS COMBINATION OF RESEARCH, EDUCATION, AND FIELD ENGAGEMENT, PROSPERITY NOW HELPS ORGANIZATIONS, FUNDERS, AND PUBLIC AGENCIES COORDINATE EFFORTS THAT CREATE STRONGER FINANCIAL FOUNDATIONS FOR COMMUNITIES.
- $2.1 million spent. PRACTITIONER CONVENINGS AND COMMUNICATIONS:PROSPERITY NOW CONNECTS ORGANIZATIONS, RESEARCHERS, AND PUBLIC LEADERS THROUGH CONVENINGS AND COMMUNICATION CHANNELS THAT ENCOURAGE LEARNING AND COLLABORATION. THESE EFFORTS STRENGTHEN THE FIELD BY SHARING DATA, TOOLS, AND REAL-WORLD EXPERIENCE THAT HELP PRACTITIONERS EXPAND FINANCIAL STABILITY FOR THE INDIVIDUALS AND FAMILIES THEY SERVE.THROUGH NATIONAL AND REGIONAL GATHERINGS, WEBINARS, AND PEER-LEARNING OPPORTUNITIES, PROSPERITY NOW PROVIDES SPACES FOR PRACTITIONERS ACROSS HOUSING, ENTREPRENEURSHIP, FAMILY SUPPORT, AND TAX OPPORTUNITY TO EXCHANGE IDEAS AND STRENGTHEN THEIR PROGRAMS.OUR COMMUNICATIONS WORK INFORMS AND EDUCATES A BROAD AUDIENCE OF STAKEHOLDERS BY TRANSLATING RESEARCH INTO ACCESSIBLE RESOURCES, ARTICLES, AND MULTIMEDIA CONTENT. WE ALSO SHARE PERSONAL STORIES THAT ILLUSTRATE HOW HOUSEHOLDS NAVIGATE FINANCIAL CHALLENGES AND OPPORTUNITIES, HELPING TO BUILD UNDERSTANDING AND SUPPORT FOR PRACTICAL, COMMUNITY-DRIVEN SOLUTIONS.ACROSS THESE ACTIVITIES, PROSPERITY NOW REMAINS FOCUSED ON CONNECTING PEOPLE, INFORMATION, AND IDEAS THAT ADVANCE HOUSEHOLD FINANCIAL SECURITY NATIONWIDE.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since January 1980.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.