Washington, D.C. · Nonprofit
PROSPERITY NOW
PROSPERITY NOW (Washington, D.C.) receives grants from 65 organizations whose IRS filings report $79,014,248 to it, the largest being THE BLOOMBERG FAMILY FOUNDATION INC ($18,300,000). 37 of them have funded it in more than one year.
- Revenue FY2024
- $14M
- Funders on record
- 65
- Grants received
- $79M
- Net assets
- $5.5M
What Prosperity Now does
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.
As stated on its FY2024 Form 990.
Programs
Research, policy, racial wealth divide and field engagement: the applied research team at Prosperity Now produces and disseminates three kinds of research: (1) research that helps define the current state of household financial security in the u.s.; (2) research that documents the emergence and growth of innovative new programs, policies, and products designed to help improve financial security for u.s. Consumers, and; (3) research that builds the evidence base about the effectiveness of these strategies.in 2015, Prosperity Now launched the racial wealth divide initiative to help Prosperity Now address racial wealth inequality in a more comprehensive and targeted manner. The policy program at Prosperity Now helps educate policymakers, advocates and the public about innovative policy ideas that can support low-income households in their efforts to strengthen their financial well-being.Prosperity Now's field engagement team connects, builds the capacity of and mobilizes a broad range of stakeholders in the asset-building and financial capability fields. The team manages Prosperity Now's national networks of advocates, practitioners, policymakers and others working to ensure that…
$10,611,237 spentof which $6,015,646 as grants$88,268 earned by the program57% of program spendingSavings, financial capability, and affordable home ownership: the savings and financial capability program focuses on program and practice innovations that help low-income individuals and families have the knowledge, skills, and resources they need to build assets. The program ensures adults also have access to a range of products and services that support financial capability and asset building, including individual development accounts, financial coaching and counseling, financial education, and access to other financial products. The program provides technical assistance, research, and policy support to the field of financial capability and asset building providers. It is also ensuring that large public systems such as schools, workforce development, housing programs, and emergency assistance incorporate opportunities to build financial capability.affordable homeownership:to ensure that low-income and vulnerable people have the opportunity to build wealth through homeownership, the affordable homeownership program seeks to (1) prepare people for homeownership through homeownership counseling, down payment assistance and idas, credit repair and credit building, and addressing…
$6,612,571 spentof which $580,438 as grants36% of program spendingNational conference and communications: : Prosperity Now's communications team supports each of its ongoing programs as well as the larger goals of the organization by elevating Prosperity Now's brand, programs, and experts, and by promoting and explaining the work of Prosperity Now to a variety of stakeholders. This work is accomplished chiefly through strong engagement in social media and the publication of blogs, newsletters, reports, policy papers and other printed materials through the Prosperity Now website, traditional media and stakeholder outreach. In addition, the communications team works with the organization's other core programs to provide technical assistance to Prosperity Now partners and grantees. The communications team is also charged with producing Prosperity Now's biennial prosperity summit (previously referred to as the assets learning conference), the premier national convening on financial capability and asset building. Since its launch in the late 1990s, the conference has always been a dynamic event, with extensive networking and business-to-business bridge-building, balanced with presentations by national leaders from the public and private sectors,…
$1,272,856 spent$32,600 earned by the program7% of program spending
The 3 programs described on its FY2023 Form 990, listed largest first by expense. Program spending in total: $18,496,664.
The organization over time
Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 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 2023 to 2024, from $25M to $14M (−45%).
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: 2018 1% · 2021 11% · 2022 2% · 2023 6%. Grants only. Government contracts and fees sit inside program revenue.
95% of PROSPERITY NOW’s revenue is contributions — more reliant on donations than three-quarters of its peers (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 6 of the last 7 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.
Board chair
Courtney Howard Hodapp
Board chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 16 funders to 28 funders, grant income rose $5.5M → $18M.
18 of 65 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 9% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $860k from one payer (the same organization on both sides, largest Prosperity Now). These are real filings, and they are not money PROSPERITY NOW raised.
From the IRS filings of PROSPERITY NOW’s funders (the co-funder graph). Top 30 of 65 funders by total. 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
PROSPERITY NOW has a broad base — no single funder exceeds 23% 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: 2017 19% · 2018 24% · 2019 41% · 2020 26% · 2021 37% · 2022 59% · 2023 59% — 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
38% of PROSPERITY NOW's funders are still giving 3 years after their first grant; 57% 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
PROSPERITY NOW draws 98% of its grant income from funders outside Washington, D.C., across 17 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $7.4M arriving through sponsors registered in 15 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
PROSPERITY NOW's funding base is broadening — from 16 funders to 28 as grant income climbed.
this organization peer median middle 50% of peers· 659 community improvement nonprofits $10M–$100M, FY2024
Government funding PROSPERITY NOW receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $230k on record — $215k federal, $15k state.
- Consumer Financial Protection Bureau$215k
- OTHER SERVICES$15k
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 PROSPERITY NOW
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 Washington, D.C.
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
76% of spending goes to programs.
Governance
Public support
48%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 28 states
Part of a family of 2 related entities
- Black Wealth Data Center LLC · disregarded
- Roc USA · exempt
Screen this organization
A dated, signed PDF of the compliance screen for PROSPERITY NOW: 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 PROSPERITY NOW?
- PROSPERITY NOW (Washington, D.C.) receives grants from 65 organizations whose IRS filings report $79,014,248 to it, the largest being THE BLOOMBERG FAMILY FOUNDATION INC ($18,300,000). 37 of them have funded it in more than one year.
- How many funders does PROSPERITY NOW have?
- IRS filings report 65 organizations giving $79,014,248 in grants to PROSPERITY NOW, 37 of which have funded it in more than one year.
- Who is the largest funder of PROSPERITY NOW?
- THE BLOOMBERG FAMILY FOUNDATION INC is the largest funder on record, with $18,300,000 in grants. The full list of funders is on this page.
- How can an organization like PROSPERITY NOW find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Washington, D.C.. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2018–2024), and the filings of 65 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