Connecticut · Nonprofit
INCLUSIVE PROSPERITY CAPITAL INC
INCLUSIVE PROSPERITY CAPITAL INC (Connecticut) receives grants from 12 organizations whose IRS filings report $6,192,500 to it, the largest being The McKnight Foundation ($1,795,000). 6 of them have funded it in more than one year.
- Revenue FY2024
- $11M
- Funders on record
- 12
- Grants received
- $6.2M
- Net assets
- $2.3M
What Inclusive Prosperity Capital Inc does
Mission
Ipc's purpose is to lessen the burdens of government and to protect, promote and preserve the natural environment by: 1) developing and supporting programs to finance and stimulate demand for clean energy investment in residential, municipal, small business, and larger commercial projects; 2) promoting the use, availability, efficacy, affordability and quality of clean enrgy, energy efficiency, sustainable, healthy and resilient building systems/structures and infrastructure and the social and economic benefits derived therefrom; 3) educating the public and environmental, social, health and resilient building systems/structures and infrastructure; and 4) promoting the reduction of greenhouse gas emissions, promoting and/or mitigating the adverse effects of climate change, and achieving other positive environmental impacts, including those leading to better health outcomes.
As stated on its FY2024 Form 990.
Programs
Commercial 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.
$2,508,361 spent$994,599 earned by the program30% of program spendingAdvisory 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 enhancement (if required) in exchange for offering the product. The program uses established pre-approved contractors to install these energy upgrades to reduce the building owner's energy burden. Ipc may either administer this program on behalf of a program sponsor or provide certain services, including the standardized programmatic approach, protocols, marketing and technology. Credit enhancements typically comprise interest rate buydowns and loan loss reserves maintained by the sponsor to support lender program loans. Ipc administers this program for the connecticut green bank, the program…
$3,239,594 spent$1,922,423 earned by the program39% of program spendingMultifamily 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.
$1,665,759 spent$1,035,368 earned by the program20% of program spendingSolar for all program funded through the federal environmental protection agency.
$817,776 spent10% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $8,231,490.
The organization over time
Each line starts at 100 in 2019, so what you read is the shape rather than the size: 150 means half as much again as 2019, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $11M to $26M (+141%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2019 74% · 2020 0% · 2024 8%. Grants only. Government contracts and fees sit inside program revenue.
63% of INCLUSIVE PROSPERITY CAPITAL INC’s revenue is contributions — about as donation-reliant as the typical peer (87% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 6 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Kerry O'Neill
Chief executive officer
Board chair
Elizabeth Crum
Chairperson (through 6/27/24)
As listed on its FY2024 Form 990.
The chief executive listed changed between the FY2019 and FY2020, and between the FY2020 and FY2021, and between the FY2022 and FY2023, and between the FY2023 and FY2024 filings.
Who funds it, year by year
2018 → 2023: the base broadened from 2 funders to 3 funders, grant income rose $400k → $1.1M.
3 of 12 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 16% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of INCLUSIVE PROSPERITY CAPITAL INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
INCLUSIVE PROSPERITY CAPITAL INC has a broad base — no single funder exceeds 29% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
Largest funder’s share by year: 2018 63% · 2019 75% · 2020 43% · 2021 36% · 2022 36% · 2023 70% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
50% of INCLUSIVE PROSPERITY CAPITAL INC's funders are still giving 3 years after their first grant; 50% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
INCLUSIVE PROSPERITY CAPITAL INC draws 96% of its grant income from funders outside Connecticut, across 6 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $970k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
INCLUSIVE PROSPERITY CAPITAL INC holds deeper cash reserves than three-quarters of the 329 environment nonprofits its size.
this organization peer median middle 50% of peers· 329 environment nonprofits $10M–$100M, FY2024
Government funding INCLUSIVE PROSPERITY CAPITAL INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $249.3M on record.
- Environmental Protection Agency$249.3M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like INCLUSIVE PROSPERITY CAPITAL INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Connecticut
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
84% of spending goes to programs.
Governance
Public support
47%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Part of a family of 15 related entities
- Inclusive Fund I LLC · disregarded
- Inclusive Consulting Services LLC · disregarded
- Inclusive Lending LLC · disregarded
- Inclusive Capital Company I LLC · disregarded
- Inclusive Infrastructure Finance I LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for INCLUSIVE PROSPERITY CAPITAL INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds INCLUSIVE PROSPERITY CAPITAL INC?
- INCLUSIVE PROSPERITY CAPITAL INC (Connecticut) receives grants from 12 organizations whose IRS filings report $6,192,500 to it, the largest being The McKnight Foundation ($1,795,000). 6 of them have funded it in more than one year.
- How many funders does INCLUSIVE PROSPERITY CAPITAL INC have?
- IRS filings report 12 organizations giving $6,192,500 in grants to INCLUSIVE PROSPERITY CAPITAL INC, 6 of which have funded it in more than one year.
- Who is the largest funder of INCLUSIVE PROSPERITY CAPITAL INC?
- The McKnight Foundation is the largest funder on record, with $1,795,000 in grants. The full list of funders is on this page.
- How can an organization like INCLUSIVE PROSPERITY CAPITAL INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Connecticut. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Inclusive Prosperity Capital →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2019–2024), and the filings of 12 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing