Prosperity Now

Nonprofit profile at a glance

EIN
521141804
IRS 990 coverage
2015–2024
Forms available
Form 990 2024, Form 990-T 2020
Location
Washington, DC, USA
Phone
2024089788
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Urban, Community Economic Development

Official website

Reported finances

Revenue
$14,096,149
Expenses
$19,551,072
Assets
$13,716,505
Liabilities
$8,229,391

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • MARISA CALDERON (PRESIDENT & CEO)
  • CHANDA LUPUNGA-PHILLIPS (VICE PRESIDENT OF ADMINISTRATION)

Highest reported compensation

  • MARISA CALDERON (PRESIDENT & CEO): $423,359 total reported compensation
  • JAE HENDERSON (DIRECTOR OF PRODUCT): $258,798 total reported compensation
  • CHANDA LUPUNGA-PHILLIPS (VICE PRESIDENT OF ADMINISTRATION): $258,215 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Prosperity now inspires bold action and provides organizations with the tools, research, and resources needed to help people build prosperity so everyone can thrive.

What it reported doing in 2024

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 improve outcomes for families and communities. Prosperity now shares these findings with public, private, and nonprofit partners to support informed decision-making and practical solutions at every level.our work centers on four key areas:- housing & homeownership: expand access to stable housing and homeownership.- entrepreneurship & small business: increase access to responsible capital, scale job training, and build capacity.- child & family support: advance early savings, child tax credits, and programs that promote family financial stability.- tax opportunity: improve access to tax-time benefits and savings for individuals and families.prosperity now also strengthens the field's capacity through technology-enabled tools and shared resources that make financial coaching, lending, and data management more efficient and accessible for practitioners nationwide.through this combination of research, education, and field engagement, prosperity now helps organizations, funders, and public agencies coordinate efforts that create stronger financial foundations for communities.

Operating model

Revenue model
Donor-supported. 96% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 86% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 81
  • Accountability: 95
  • Sustainability: 13
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 75.9%; rating input score 76
  • Fundraising efficiency: $10.23 raised per $1 spent on fundraising; rating input score 39; 39th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.1%; rating input score 94; 20th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 98.7%; rating input score 99; 31st 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; 66th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -38.7%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 0.7; rating input score 24; 24th percentile among comparable filings
  • Liabilities to assets ratio: 0.6; rating input score 22; 22nd percentile among comparable filings
  • Officer compensation ratio: 10.5%; rating input score 18; 18th percentile among comparable filings

Growth

  • Program expense growth: 4.2% per year; rating input score 100; 35th percentile among comparable filings
  • Revenue growth: 4.2% per year; rating input score 100; 36th percentile among comparable filings
  • Asset growth: 1.4% per year; rating input score 100; 15th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 75.9% of spending went to programs
  • Governance: 8 of 8 board members independent · 8 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $14.8M in reported program spending
  • Leadership: top reported pay $423K · 19 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.9M reported
  • Consistency: 36 of 37 current checks pass · 1 finding to review
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 9 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 12 filed money-flow records
  • Related organizations: 6 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.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 39/100.
  • High — Sustainability: Operating margin scored 2/100.
  • High — Sustainability: Total-asset coverage ratio scored 24/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Officer compensation ratio scored 18/100.
  • High — Sustainability: Liabilities to assets ratio scored 22/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.