What is Prosperity Works?
Prosperity Works operates as a vital non-profit entity based in Albuquerque, New Mexico, with a core mission to dismantle barriers to prosperity and address the pervasive issue of systemic poverty. The organization strategically deploys programs such as Child Development Accounts and Individual Development Accounts, designed to empower limited-income residents in the accumulation and safeguarding of financial assets. By forging collaborations with financial institutions, including banks and credit unions, alongside other community-focused organizations, Prosperity Works champions fair lending practices and advocates for economic equity. Their initiatives extend to community solar and energy efficiency upgrades, aiming to bolster the financial stability and long-term success of low-income households.
How much funding has Prosperity Works raised?
Prosperity Works has raised a total of $69K across 1 funding round:
Debt
$69K
Debt (2021): $69K with participation from PPP
Key Investors in Prosperity Works
PPP
Public-Private Partnership
What's next for Prosperity Works?
With the recent influx of substantial expansion capital, Prosperity Works is poised to significantly scale its operations and deepen its impact across New Mexico. The organization's strategic focus on asset building and financial empowerment for underserved communities, coupled with its commitment to systemic change, positions it for continued growth and influence. Future endeavors will likely involve the expansion of existing programs and the exploration of new partnerships to further address the multifaceted challenges of poverty and economic inequality, leveraging this latest investment to drive sustainable progress.
See full Prosperity Works company page
