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Prosperity Works

EIN 85-0466059 · Albuquerque, NM

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak46 out of 100GovernanceGood81 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

PROSPERITY WORKS BUILDS THE CAPACITY OF ORGANIZATIONS AND ADVOCATES FOR POLICIES THAT GENERATE ECONOMIC PROSPERITY FOR ALL NEW MEXICANS. THROUGH THIS WORK, WE IMPLEMENT A VISION THAT EVERY NEW MEXICAN HAS THE OPPORTUNITY, KNOWLEDGE AND RELATIONSHIPS TO ACHIEVE ECONOMIC PROSPERITY.

Income
$857,206
Spending
$931,160
Spent on programs
78%
Reserves
2.2 months of spending
Largest source of income
donations and private grants, 76%
Employees
6
Volunteers
2
Highest pay
$139,463, ceo

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 46 out of 100. Higher than 9% of charities in its peer group (mutual benefit, $250k to $1m).

  • Reserves

    10 of 35

    Spendable reserves would cover 2.2 months of spending.

  • Debt

    2 of 20

    It owes 81% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 9% of income.

  • Income trend

    15 of 15

    Income rose 47% on the year before.

  • Spending floor

    15 of 15

    78% of spending went to programs and raising each dollar of donations cost 4 cents.

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 81 out of 100. Higher than 72% of charities in its peer group (mutual benefit, $250k to $1m).

  • Independent board

    25 of 25

    5 of 5 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending September 30, 2025, 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)
  1. $277,972 spent. FINANCIAL INCLUSION AND OPPORTUNITY- INDIVIDUAL DEVELOPMENT ACCOUNTS (IDAS) HAVE BEEN DEPLOYED TO ENCOURAGE SAVINGS, INVESTMENT AND ASSET ACCUMULATION AMONG MODERATE INCOME AND WORKING FAMILIES. IDAS ARE MATCHED SAVINGS ACCOUNTS THAT ARE USED TO (A) BUY A FIRST HOME (B) PURSUE POST SECONDARY EDUCATION (C) START OR EXPAND A SMALL BUSINESS (D)PURCHASE A CAR TO GO TO WORK OR SCHOOL (E) REPAIR A HOME. IN COUNTIES THROUGHOUT NEW MEXICO, PROSPERITY WORKS AND ITS PARTNERS USE IDAS TO STABILIZE FAMILIES FINANCIALLY, ASSIST THEM IN BUILDING ASSETS, AND BUILD STRONG COMMUNITIES. IT IS WITH BANKS, CREDIT UNIONS, NGO'S AND PUBLIC AND PRIVATE INVESTMENTS THAT WE ARE ABLE TO OPERATE THE NEW MEXICO ASSETS CONSORTIUM THAT MANAGES THIS RURAL AND URBAN DELIVERY SYSTEM.
  2. $213,796 spent. SUSTAINABLE ENERGY SOLUTIONS PROGRAM- THIS PROGRAM ADDRESSES A KEY FACTOR IN LOW-INCOME FAMILIES: DECREASING THE HIGH COST OF ENERGY; INCREASING EFFICIENCY AND IMPROVING THE HEALTH, SAFETY AND COMFORT OF HOMES. THIS IS ACCOMPLISHED THROUGH THE IMPLEMENTATION OF EFFICIENCY MEASURES IN HOMES, AND ADVOCATING FOR POLICY THAT REMOVES BARRIERS TO PARTICIPATION AND INCREASES AVAILABLE RESOURCES. THIS INITIATIVE ALSO REPRESENTS LOW-INCOME PEOPLE AT THE PUBLIC REGULATION COMMISSION ON ENERGY BURDEN ISSUES.
  3. $125,121 spent. CHILDRENS ECONOMIC SECURITY: PROSPERITY KIDS IS A MATCHED COLLEGE SAVINGS ACCOUNT INITIATIVE. IT IS DESIGNED TO LEVERAGE THE IMPORTANT WORK OF PARTNER ORGANIZATIONS THUS FURTHERING THEIR ENGAGEMENT WITH CLIENTS AND INCREASING THEIR IMPACT. THUS, YOUNG PARENTS ARE RETAINED IN HOME VISITNG PROGRAMS; SINGLE PARENT COLLEGE STUDENTS SUSTAIN THEIR ENROLLMENT; HEADSTART PARENTS PARTICIPATE IN PROGRAM REQUIREMENTS; AND, PARENTS ENROLLED IN CHILD DEVELOPMENT AND COMMUNITY LEADERSHIP COURSES MAKE MAJOR INVESTMENTS IN THE HEALTHLY DEVELOPMENT EDUCATION OF THEIR CHILDREN AND OF THEIR FAMILY AS A WHOLE. ADDITIONALLY, YOUNG PEOPLE RECEIVE CONSISTENT FUNDING TO BE ABLE TO CONTINUE THIER HIGH SCHOOL EDUCATION.
  4. $108,274 spent. CONSUMER ADVOCACY- PROSPERITY WORKS PARTNERS WITH ORGANIZATIONS AND COMMUNITIES ACROSS THE STATE TO SUPPORT POLICIES TO BUILD ASSETS FOR LOW-INCOME COMMUNITIES. BANKING ACCESS- BANK ON NEW MEXICO HELPS TO CREATE NEW SAFE AND AFFORDABLE CHECKING ACCOUNTS FOR UNBANKED NEW MEXICANS. ADDITIONALLY, WE DEVELOP PARTNERSHIPS BETWEEN FINANCIAL INSTITUTIONS AND ORGANIZATIONS WHO SERVE UNBANKED NEW MEXICANS.
  5. CONSUMER ADVOCACY- PROSPERITY WORKS PARTNERS WITH ORGANIZATIONS AND COMMUNITIES ACROSS THE STATE TO SUPPORT POLICIES TO BUILD ASSETS FOR LOW-INCOME COMMUNITIES. BANKING ACCESS- BANK ON NEW MEXICO HELPS TO CREATE NEW SAFE AND AFFORDABLE CHECKING ACCOUNTS FOR UNBANKED NEW MEXICANS. ADDITIONALLY, WE DEVELOP PARTNERSHIPS BETWEEN FINANCIAL INSTITUTIONS AND ORGANIZATIONS WHO SERVE UNBANKED NEW MEXICANS.

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. 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.

  2. 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 November 6, 2026.

  3. 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.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending September 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since February 2000.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. 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 November 4, 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.