Latino Prosperity

Nonprofit profile at a glance

EIN
862582547
IRS 990 coverage
2024–2025
Forms available
Form 990 2025, Form 990-N 2023
Location
S Pasadena, CA, USA
Phone
5105520493
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Philanthropy, Voluntarism, and Grantmaking Foundations N.E.C.

Reported finances

Revenue
$821,503
Expenses
$926,179
Assets
$278,694
Liabilities
$37,944

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • ORSON AGUILAR (PRESIDENT)

Highest reported compensation

  • ORSON AGUILAR (PRESIDENT): $157,583 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Championing equitable economic policies that create opportunities and resources for wealth-building in the Latino community.

What it reported doing in 2025

In 2025 LatinoProsperity launched the Latina Wealth Initiative publishing Latina Wealth in America a nationally recognized report examining the wealth disparities facing Latina women and presenting findings at the U.S. Capitol on Latina Equal Pay Day. The organization also co-led the EyesOnOpenAI coalition a multi-stakeholder campaign engaging institutional investors and charitable foundations to safeguard charitable assets and advance responsible governance in the rapidly evolving artificial intelligence sector. Additionally LatinoProsperity launched its Latino financial health research program lifting up Latino lived experiences to inform equitable policy and practice in the age of AI. In response to immigration deportation raids LatinoProsperity also administered an Immigrant Relief Fund providing direct cash grants and intake and referral services to affected families in the Los Angeles region.

Operating model

Revenue model
Donor-supported. 94% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 84% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 72
  • Accountability: 95
  • Sustainability: 16
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 81.2%; rating input score 81
  • Program expense ratio: 72.1%; rating input score 72
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 15th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 78th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -12.7%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 0.3; rating input score 15; 15th percentile among comparable filings
  • Liabilities to assets ratio: 0.14; rating input score 31; 31st percentile among comparable filings
  • Officer compensation ratio: 17%; rating input score 21; 21st percentile among comparable filings

Growth

  • Program expense growth: 181.7% per year; rating input score 100; 100th percentile among comparable filings
  • Revenue growth: 61.9% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: -22.6% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 81.2% of revenue deployed · 72.1% of spending went to programs
  • Governance: 11 of 11 board members independent · 7 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $667K in reported program spending
  • Leadership: top reported pay $158K · 11 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $263K reported
  • Consistency: 41 of 42 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 2 filing years from 2024 to 2025
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 11/100.
  • High — Sustainability: Total-asset coverage ratio scored 15/100.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 21/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 31/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.