Prosperityme

Nonprofit profile at a glance

EIN
800362127
IRS 990 coverage
2014–2025
Forms available
Form 990 2025, Form 990-EZ 2013, Form 990-N 2009
Location
Portland, ME, USA
Phone
2077977890
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Financial Counseling

Official website

Reported finances

Revenue
$3,284,674
Expenses
$2,535,340
Assets
$7,024,399
Liabilities
$1,819,638

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

Leadership & pay

13 people listed

Highest reported compensation

  • CLAUDE K RWAGANJE (EXECUTIVE DI): $212,573 total reported compensation

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

Overview

Mission

Prosperityme empowers, through education and counseling, members of refugee and immigrant communities to invest in themselves to build financial stability, careers, businesses and wealth.

What it reported doing in 2025

Our peer workforce navigator helps individuals prepare for and secure employment by providing personalized support with resume development, interview preparation, job search strategies, and other employment-related resources. Participants are also connected to job training programs, apprenticeships, housing, childcare, unemployment benefits, and other essential support services that help them obtain and maintain quality jobs. Prosperityme also hosts a workforce clinic in partnership with the peer workforce navigator coalition. The clinic provides weekly support for immigrants and low-income individuals by connecting them with employment opportunities, career guidance, networking opportunities, and workforce resources. The workforce clinic is held every thursday and is available by appointment. Prosperityme is pursuing a new housing initiative with the goal tobuild affordable housing for families of the southern Maine community, working cooperatively with local developers and funding sources.

Operating model

Revenue model
Donor-supported. 66% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 79% for direct work, and 21% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 61
  • Transparency & Controls: 71
  • Accountability: 95
  • Sustainability: 64
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 56.5%; rating input score 57
  • Program expense ratio: 71%; rating input score 71
  • Fundraising efficiency: $17.65 raised per $1 spent on fundraising; rating input score 55; 55th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 89.5%; rating input score 89; 4th 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: 99%; rating input score 99; 43rd 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; 63rd 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: NotApplicable
    • 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: 22.8%; rating input score 76; 76th percentile among comparable filings
  • Total-asset coverage ratio: 2.77; rating input score 68; 68th percentile among comparable filings
  • Liabilities to assets ratio: 0.26; rating input score 30; 30th percentile among comparable filings
  • Officer compensation ratio: 8.4%; rating input score 39; 39th percentile among comparable filings

Growth

  • Program expense growth: 20.8% per year; rating input score 100; 85th percentile among comparable filings
  • Revenue growth: 20.5% per year; rating input score 100; 87th percentile among comparable filings
  • Asset growth: 24.5% per year; rating input score 100; 89th percentile among comparable filings

Details

  • Where the money goes: 56.5% of revenue deployed · 71% of spending went to programs
  • Governance: 12 of 12 board members independent · 7 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $1.8M in reported program spending
  • Leadership: top reported pay $213K · 13 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 35 of 36 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 11 filing years from 2014 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • Review — Financial Efficiency: Mission deployment rate scored 57/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 55/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Moderate — Sustainability: Liabilities to assets ratio scored 30/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 39/100.