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Prosperity Now
Prosperity Now reported $14.1 million in revenue and $19.6 million in expenses for calendar year 2024. Of every $100 it spent, $75.88 went to program services, $17.39 to management and general costs and $6.73 to fundraising. Its largest source of revenue was contributions and grants: 95.5% of the total. The highest compensation it reported for one person was $423,359 (PRESIDENT & CEO). 24 people received more than $100,000 in reportable compensation. Revenue rose 5% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $20MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $14MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 75.9% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 17.4% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 6.7% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.10 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 95.5% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 3.0% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $423,359 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.17% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 24 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 3.4 | 9.2 |
| Independent voting board members Part VI 1a–1b | 8 of 8 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseBuilding 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…
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…
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…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO Officer, 40.00 hrs/week | $386,330 | $0 | $37,029 | $423,359 |
| DIRECTOR OF PRODUCT Highest compensated employee, 40.00 hrs/week | $231,126 | $0 | $27,672 | $258,798 |
| VICE PRESIDENT OF ADMINISTRATION Key employee, 40.00 hrs/week | $232,625 | $0 | $25,590 | $258,215 |
| DIRECTOR OF DATA Highest compensated employee, 40.00 hrs/week | $234,030 | $0 | $22,401 | $256,431 |
| STRAT. & INNOV. OFFICER (UNTIL 5/24) Highest compensated employee, 40.00 hrs/week | $236,200 | $0 | $11,172 | $247,372 |
| CHIEF ENGAGEMENT OFF. (UNTIL 4/24) Highest compensated employee, 40.00 hrs/week | $219,452 | $0 | $7,583 | $227,035 |
| SR. DIR. OF PROJECT MANAGEMENT Highest compensated employee, 40.00 hrs/week | $186,578 | $0 | $19,240 | $205,818 |
| VP, PHILANTHROPY (UNTIL 8/24) Key employee, 40.00 hrs/week | $169,165 | $0 | $14,515 | $183,680 |
24 people received more than $100,000 in reportable compensation from Prosperity Now (Part VII, line 2). Compensation of current officers, directors and key employees totaled $865K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b8 · 8 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 584
- Volunteers Part I, line 612
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| DELOITTE CONSULTING LLC Consulting/engineering support | $903,597 |
| CLIFTONLARSONALLEN LLP Accounting & advisory services | $384,776 |
| CONSCIOUSLY COMPANY LLC Marketing & branding services | $310,000 |
| SHAKTI CONSULTING LLC SLEELA BHASHYAM Consulting services | $166,530 |
| HAVEN HUMAN ASSET VENTURES LLC Hr services/executive coaching | $129,387 |
Individuals listed as contractors are left out. 7 contractors were paid more than $100,000 in all.
Private foundation grants it received
14 private foundations reported grants to Prosperity Now totaling $16M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Prosperity Now's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Prosperity Now, you can publish a response that is linked from this page.
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Of every $100 Prosperity Now spent in 2024, $75.88 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Grand Central PartnershipNew York, NY · revenue $14M · programs 85.9% · FY2025
- The Community Action Agency of Western ConnecticutDanbury, CT · revenue $14M · programs 88.5% · 2025
- Alliance of Local Service OrganizationsChicago, IL · revenue $14M · programs 87.3% · 2025
- Bridgeway CapitalPittsburgh, PA · revenue $14M · programs 81.0% · FY2025
- Repair the WorldNew York, NY · revenue $14M · programs 67.4% · FY2025
All community improvement & capacity building charities · Largest charities in District of Columbia
Questions people ask
How much of Prosperity Now's spending goes to programs?
In calendar year 2024, Prosperity Now reported that 75.9% of its $19.6 million in expenses went to program services, 17.4% to management and general and 6.7% to fundraising (Form 990, Part IX).
How much does Prosperity Now pay its top executive?
The largest total compensation Prosperity Now reported for one person in calendar year 2024 was $423,359, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Prosperity Now get its money?
Of $14.1 million in revenue in calendar year 2024, 95.5% came from contributions and grants and 3.0% from program service revenue (Form 990, Part VIII).
Is Prosperity Now a registered charity?
The IRS lists EIN 52-1141804 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513109349304311 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202433209349302028 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313199349310801 · read the filing
- 2021: Form 990 for calendar year 2021, object 202241789349300029 · read the filing
- 2020: Form 990 for calendar year 2020, object 202133059349301483 · read the filing
- 2019: Form 990 for calendar year 2019, object 202022889349301002 · read the filing
All filings for EIN 52-1141804: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.