Prosperityme
Public records show a registered, tax-exempt organization in good standing.
What it says it does
PROSPERITYME EMPOWERS, THROUGH EDUCATION AND COUNSELING, MEMBERS OF REFUGEE AND IMMIGRANT COMMUNITIES TO INVEST IN THEMSELVES TO BUILD FINANCIAL STABILITY, CAREERS, BUSINESSES AND WEALTH.
- Income
- $2.5 million
- Spending
- $2.1 million
- Spent on programs
- 70%
- Reserves
- 17.3 months of spending
- Largest source of income
- donations and private grants, 53%
- Employees
- 25
- Volunteers
- 30
- Highest pay
- $203,217, executive di
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
Good: 81 out of 100. Higher than 62% of charities in its peer group (human services, $1m to $10m).
Reserves
35 of 35Spendable reserves would cover 17.3 months of spending.
Debt
16 of 20It owes 17% of what it owns.
Living within its means
15 of 15Income exceeded spending by 15% of income.
Income trend
0 of 15Income fell 53% on the year before.
Spending floor
15 of 1570% of spending went to programs and raising each dollar of donations cost 9 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 65% of charities in its peer group (human services, $1m to $10m).
Independent board
25 of 2512 of 12 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 (5)
- $661,155 spent. THE HOUSING PROGRAM WORKS WITH IMMIGRANT INDIVIDUALS AND FAMILIES AT RISK OF HOMELESSNESS TO CREATE A LONG-TERM PLAN FOR HOUSING AND FINANCIAL STABILITY. THE GOAL IS TO REDUCE THE LENGTH OF TIME FAMILIES SPEND IN HOMELESSNESS OR PRECARIOUS HOUSING SITUATIONS, SUCCESSFULLY LEASE FAMILIES IN PERMANENT HOUSING, AND LIMIT RETURNS TO HOMELESSNESS WITHIN THE FIRST YEAR OF BEING HOUSED. PROSPERITYME PROVIDED HOUSING NAVIGATION SERVICES TO 450 HOUSEHOLDS AND HOUSED 115 INDIVIDUALS AND FAMILIES IN 2024.
- $317,477 spent. FINANCIAL LITERACY: PROSPERITYME PROVIDED COURSES IN BASIC MONEY MANAGEMENT, WOMENS ECONOMIC EMPOWERMENT, FINANCIAL COACHING AND COUNSELING SERVICES. IN 2024 PROSPERITYME SERVED 365 STUDENTS THROUGH FINANCIAL EDUCATION CLASSES, WOMEN'S ECONOMIC EMPOWERMENT PROGRAMMING, HOW TO BE A SUCCESSFUL TENANT AND 38 CLIENTS THROUGH INDIVIDUAL SESSIONS.
- $196,065 spent. THE HOME ENERGY ASSISTANCE PROGRAM: THE HOME ENERGY ASSISTANCE PROGRAM (HEAP) IS A PROGRAM THAT PROVIDES A FIXED AMOUNT OF FUNDING TO MAINE EACH YEAR FROM THE FEDERAL GOVERNMENT. THE HOME ENERGY ASSISTANCE PROGRAM (HEAP) HELPS QUALIFIED HOMEOWNERS AND RENTERS PAY FOR HEATING COSTS. BENEFITS INCLUDE HELP PAYING FOR FUEL AND EMERGENCY FUEL DELIVERY. YOU CAN ALSO QUALIFY FOR ENERGY-RELATED REPAIRS IF YOU ARE ELIGIBLE FOR HEAP. PROSPERITYME STAFF ASSISTED 283 FAMILIES WITH HEAP IN 2024.
- $323,607 spent. THE PEER WORKFORCE NAVIGATOR PROJECT IS A COALITION OF COMMUNITY-BASED ORGANIZATIONS THAT HELP PEOPLE MAKE CONNECTIONS WITH EDUCATION AND TRAINING, APPRENTICESHIPS, UNEMPLOYMENT INSURANCE, HEALTHCARE, PUBLIC BENEFITS, AND THINGS THEY NEED TO GET AND KEEP A GOOD JOB. PROSPERITYME SERVED OVER 1,100 INDIVIDUALS WITH THIS PROGRAM. THE SCHOLARSHIP FOR ASYLUM SEEKER PROGRAM: THE SCHOLARSHIP PROGRAM IS AN EDUCATION RESOURCE THAT HELPS ASYLUM-SEEKERS OBTAIN AN ASSOCIATE DEGREE AT A COMMUNITY COLLEGE FOR TWO YEARS OR VOCATION CERTIFICATE. AWARDEES ARE MATCHED WITH PROFESSIONAL MENTORS TO HELP THEM BUILD A NETWORK AND FIND A JOB. PROSPERITYME AWARDED SCHOLARSHIPS TO 15 STUDENTS IN 2024. INDIVIDUAL DEVELOPMENT ACCOUNTS: THE IDA PROGRAM IS A MULTIFACETED FINANCIAL EDUCATION AND MATCHED SAVINGS PROGRAM AIMED AT SUPPORTING LOW AND MODERATE INCOME IMMIGRANT HOUSEHOLDS IN THEIR JOURNEY TO FINANCIAL STABILITY. THE PROGRAM PROVIDES 1:1 SUPPORT AND MATCHED SAVINGS FOR INDIVIDUALS AND HOUSEHOLDS WHO ARE PURSUING POST-SECONDARY EDUCATION AND THE STARTUP OF A SMALL BUSINESS. IN 2024 THE PROGRAM ENROLLED 11 SAVERS; 8 WITH A GOAL TO START OR GROW A NEW BUSINESS, AND 3 WHO ARE PURSUING HIGHER EDUCATION.
- THE PEER WORKFORCE NAVIGATOR PROJECT IS A COALITION OF COMMUNITY-BASED ORGANIZATIONS THAT HELP PEOPLE MAKE CONNECTIONS WITH EDUCATION AND TRAINING, APPRENTICESHIPS, UNEMPLOYMENT INSURANCE, HEALTHCARE, PUBLIC BENEFITS, AND THINGS THEY NEED TO GET AND KEEP A GOOD JOB. PROSPERITYME SERVED OVER 1,100 INDIVIDUALS WITH THIS PROGRAM. THE SCHOLARSHIP FOR ASYLUM SEEKER PROGRAM: THE SCHOLARSHIP PROGRAM IS AN EDUCATION RESOURCE THAT HELPS ASYLUM-SEEKERS OBTAIN AN ASSOCIATE DEGREE AT A COMMUNITY COLLEGE FOR TWO YEARS OR VOCATION CERTIFICATE. AWARDEES ARE MATCHED WITH PROFESSIONAL MENTORS TO HELP THEM BUILD A NETWORK AND FIND A JOB. PROSPERITYME AWARDED SCHOLARSHIPS TO 15 STUDENTS IN 2024. INDIVIDUAL DEVELOPMENT ACCOUNTS: THE IDA PROGRAM IS A MULTIFACETED FINANCIAL EDUCATION AND MATCHED SAVINGS PROGRAM AIMED AT SUPPORTING LOW AND MODERATE INCOME IMMIGRANT HOUSEHOLDS IN THEIR JOURNEY TO FINANCIAL STABILITY. THE PROGRAM PROVIDES 1:1 SUPPORT AND MATCHED SAVINGS FOR INDIVIDUALS AND HOUSEHOLDS WHO ARE PURSUING POST-SECONDARY EDUCATION AND THE STARTUP OF A SMALL BUSINESS. IN 2024 THE PROGRAM ENROLLED 11 SAVERS; 8 WITH A GOAL TO START OR GROW A NEW BUSINESS, AND 3 WHO ARE PURSUING HIGHER EDUCATION.
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 September 7, 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 September 30, 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 September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since November 2009.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 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 7, 2026.
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