Overview

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Est.

2007

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

ProsperityME is a nonprofit organization dedicated to empowering refugee and immigrant communities through education and financial counseling, with a mission to help individuals invest in their own financial stability, careers, and businesses. Operating with a budget of $1.9 million and generating total revenue of $2.5 million in 2024, ProsperityME does not rely on any single funder for 50% or more of its revenue. More information can be found on their website at www.newmainersavings.org.

Mission Statement

ProsperityME empowers, through education and counseling, members of refugee and immigrant communities to Invest in themselves to build financial stability, careers, businesses and wealth.
Revenues
$2.5M
Expenses
$2.1M
Net Income:
+$387.5K
Assets
$5.1M
Liabilities
$860.7K
Net Assets:
+$4.3M
Operating Budget
$1.9M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
15
Median grant size
$20.7K
Largest grant received
$250K
C
Claude K Rwaganje
Board Member
E
E'nkul Kanakan
Board Member
C
Colette Twigg-Rowse
Board Member

Frequently Asked Questions

What is ProsperityME’s budget?
In 2024, ProsperityME reported an annual operating budget of around $1.9 million. More detailed financial information is available to registered users.
What causes does ProsperityME support?
ProsperityME supports work in Reading promotion and Financial counseling.
Where does ProsperityME operate?
ProsperityME is headquartered in PORTLAND, ME.
Who funded ProsperityME recently?
In 2025, ProsperityME received grants from Horizon Foundation Inc, Maine Technology Institute, and The Pasculano Foundation. More information on this organization’s funders is available to registered users.
What is the largest grant ProsperityME received in 2024?
The largest grant to ProsperityME in 2024 exceeds $250 thousand.
What is ProsperityME’s reliance on government grants?
ProsperityME relied on government grants for more than 40% of their total revenue in 2024.