Inclusive Prosperity Capital
Inclusive Prosperity Capital reported $10.8 million in revenue and $9.8 million in expenses for calendar year 2024. Of every $100 it spent, $83.79 went to program services, $13.46 to management and general costs and $2.75 to fundraising. Its largest source of revenue was contributions and grants: 63.1% of the total. Government grants made up 7.6%. The highest compensation it reported for one person was $388,548 (CHIEF EXECUTIVE OFFICER). 12 people received more than $100,000 in reportable compensation. Revenue rose 407% between FY2020 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $9.8MFor context, the median across 371 covered environment charities: $85.82 programs, $10.80 management, $3.38 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 $11MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 83.8% | 83.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 13.5% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.8% | 3.3% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.04 | $0.03 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 63.1% | 87.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 7.6% | 4.8% |
| Program service revenue share Part VIII 2g ÷ 12 | 36.6% | 3.2% |
| Highest reported compensation Part VII-A, columns D–F | $388,548 | $293,532 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 3.95% | 1.74% |
| People paid over $100,000 Part VII, line 2 | 12 | 7 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 2.8 | 18.8 |
| Independent voting board members Part VI 1a–1b | 4 of 5 | 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 expenseCommercial solar ppa fund program - this program offers solar financing including power purchase agreements (ppa) to underserved commercial, industrial and nonprofit building owners to maximize projected savings associated with solar installations
Advisory and consulting services - ipc staff provides outsourced program administration and consulting services for clean energy financing programs to governments, nonprofits, lenders and other stakeholders. Ipc staff also provide advice to developers and commercial building owners on how to obtain funding and structure financing for renewable energy and energy efficiency projects. One such program is the smart-e loan program, which provides a low cost, long term loan option to single family homeowners for energy upgrades through a network of local lenders that are given access to a credit…
Multifamily and nonprofit loan program - this program provides financing, credit enhancements, and technical assistance for loans and grants made to owners of multifamily buildings for energy upgrades, single family lending and commercial and infrastructure lending
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 |
|---|---|---|---|---|
| CHIEF EXECUTIVE OFFICER Director/trustee, officer, 40.00 hrs/week | $315,197 | $0 | $73,351 | $388,548 |
| CHIEF STRATEGY OFFICER Key employee, 40.00 hrs/week | $230,486 | $0 | $42,331 | $272,817 |
| CHIEF INVESTMENT OFFICER Officer, 40.00 hrs/week | $240,777 | $0 | $17,615 | $258,392 |
| MANAGING DIRECTOR, CLEAN ENERGY Key employee, 40.00 hrs/week | $196,255 | $0 | $41,751 | $238,006 |
| GENERAL COUNSEL/SECRETARY Officer, 40.00 hrs/week | $217,970 | $0 | $17,205 | $235,175 |
| CHIEF FINANCIAL OFFICER Officer, 40.00 hrs/week | $190,228 | $0 | $37,947 | $228,175 |
| CHIEF PEOPLE OFFICER Key employee, 40.00 hrs/week | $183,461 | $0 | $12,524 | $195,985 |
| NATIONAL DIRECTOR, SMART-E Highest compensated employee, 40.00 hrs/week | $146,542 | $0 | $34,258 | $180,800 |
12 people received more than $100,000 in reportable compensation from Inclusive Prosperity Capital (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.5M (Part IX, line 5).
6 filings since FY2020
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–1b5 · 4 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14No
- 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 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| ENERWEALTH SOLUTIONS LLC Consulting | $825,955 |
| DIGITAL EQUITY PARTNERS LLC Consulting | $389,428 |
| EMERALD CONSULTING LLC Consulting | $161,900 |
| RANGE RENEWABLE ADVISORS Consulting | $101,030 |
Individuals listed as contractors are left out. 4 contractors were paid more than $100,000 in all.
Private foundation grants it received
4 private foundations reported grants to Inclusive Prosperity Capital totaling $1.2M 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 Inclusive Prosperity Capital's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Inclusive Prosperity Capital, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Inclusive Prosperity Capital spent in 2024, $83.79 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Center for EcotechnologyDalton, MA · revenue $11M · programs 82.4% · FY2025
- Cincinnati Nature CenterMilford, OH · revenue $11M · programs 66.8% · 2024
- The Trust for TomorrowCreston, NC · revenue $11M · programs 95.4% · FY2025
- Riverside Park ConservancyNew York, NY · revenue $11M · programs 85.5% · 2024
- Harbor Shores Public Asset FundBenton Harbor, MI · revenue $11M · programs 90.2% · 2025
All environment charities · Largest charities in Connecticut
Questions people ask
How much of Inclusive Prosperity Capital's spending goes to programs?
In calendar year 2024, Inclusive Prosperity Capital reported that 83.8% of its $9.8 million in expenses went to program services, 13.5% to management and general and 2.8% to fundraising (Form 990, Part IX).
How much does Inclusive Prosperity Capital pay its top executive?
The largest total compensation Inclusive Prosperity Capital reported for one person in calendar year 2024 was $388,548, for the role of CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Inclusive Prosperity Capital get its money?
Of $10.8 million in revenue in calendar year 2024, 63.1% came from contributions and grants (including 7.6% from government grants) and 36.6% from program service revenue (Form 990, Part VIII).
Is Inclusive Prosperity Capital a registered charity?
The IRS lists EIN 83-0808658 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), 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 202503019349300415 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202432859349301953 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303179349305440 · read the filing
- FY2021 (6 mo.): Form 990 for the 6-month short period ending December 31, 2021, object 202203049349302145 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241019349300334 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202003159349300330 · read the filing
All filings for EIN 83-0808658: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.