Mission
Prosperity Works is a nonprofit organization dedicated to supporting limited-income New Mexicans to build and protect social and financial assets they need for sustained success. Through initiatives like matched savings accounts for children and adults, fair lending options, and energy efficiency solutions, they aim to foster economic stability and combat poverty throughout the state.
Basic Information
Tax-Exempt
Founded in
1999
EIN
85-0466059
Total Assets
$1.772 million
UN Sustainable Development Goals Supported
This organization contributes to the following United Nations Sustainable Development Goals. See the SDG page for more information.
Showing 3 of 5 goals
At a Glance
Impact of Prosperity Kids Initiative
Prosperity Kids savers showcasing their savings journey.
Energy Efficiency Upgrades
Helping households lower energy bills through efficiency upgrades.
Community Reports
Learn about the work and successes of Prosperity Works.
Impact Stats
Over 40 households
Number of households served
Community Solar Projects
Developed community solar projects that help low-income households save on energy bills.
Increased accessibility for thousands of New Mexicans
Number of Bank On certified accounts provided
Bank On New Mexico
Launched a coalition to provide access to safe and affordable banking options for New Mexico residents.
Our Programs
Child Development Accounts
Matched savings accounts for children to promote savings and financial literacy.
Learn MoreIndividual Development Accounts
Matched savings accounts for adults aiming to build assets for significant financial goals.
Learn MoreImpact Reports
MIP Score (Beta)
The MIP Score is in beta! We'd love any feedback you may have.
The MIP Score and it's methodology is purely used as a way to visualize how a nonprofits public financial data compares against others. It doesn't reflect the unique circumstances and impact that a nonprofit has.The MIP Score should never be used to say one charity is better than another.
Overall Score
62
32
/100
Program Expense Ratio
78.71%
12
/20
Program Revenue Growth
2.96K%
2
/20
Leverage Ratio
0.6169
6
/20
Working Capital Ratio
1.021
10
/20
Fundraising Efficiency
0
2
/20
Latest Filing Data: Form 990
Fiscal Year:2021
Source:Source: Self-reported by organization
Financial Details
Revenue
| Category | Amount | Percentage |
|---|---|---|
| Contributions, Gifts, and Grants | 430.5K | 65.18% |
| Program Services | 212.1K | 32.11% |
| Investment Income | 1.553K | 0.24% |
| Sales of Non-Inventory Assets | 0 | 0.00% |
| Other Notable Sources | 3.343K | 0.51% |
| Total Revenue | 660.5K | 100.00% |
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