Prosperity Works
Prosperity Works is a 501(c)(3) nonprofit in Albuquerque, New Mexico, delivering matched savings, banking access, fair lending, community solar, and energy-efficiency programs for limited-income New Mexicans through a statewide network of 23 sub-grantees and 40+ community, financial, employer, and utility partners.
- Company typePrivate
- Founded1996
- HeadquartersAlbuquerque, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Prosperity Works does
Prosperity Works is a 501(c)(3) nonprofit organization headquartered in Albuquerque, New Mexico (909 Copper Ave NW), that delivers an integrated portfolio of financial-empowerment, asset-building, and energy-equity programs to limited-income residents statewide. Founded in 1996 by Ona Porter as the New Mexico Community Action Agency (NMCAA) and rebranded to its present name in 2007, the organization operates through a small core staff (firmographic headcount 1-10) that coordinates a statewide delivery network rather than selling a product. Its core offerings comprise matched-savings programs (Individual Development Accounts for adult asset-building, and Prosperity Kids Child Development Accounts seeded with $100 and matched 1:1 up to $200/year), the Bank On New Mexico coalition that connects unbanked consumers to certified low-fee bank accounts, employer-based fair-lending loans via BeneMoney (up to $5,000, payroll-deducted, no credit check), community solar subscriptions, and community energy-efficiency retrofits.
Underlying technology is minimal: the organization is described in source material as not a technology company, with no app, SDK, or API offerings. Its functional technology surface consists of program websites (including a Community Solar signup flow), partner-coordination workflows, and back-office bookkeeping managed in-house; energy retrofits are delivered through a separate technical partner (EnergyWorks / Energy Works). Business mechanics are grant-driven: Prosperity Works funds operations through contributions from foundations and corporate donors — most recently a $125,000 Wells Fargo grant in 2025 (with earlier individual donations such as $1,563 from Nexus Brewery) and historically a $750,000 W.K. Kellogg Foundation grant in 2017 — alongside in-kind support from utility partners PNM and New Mexico Gas Company. Programs are free or low-cost to participants, and delivery is executed through 23 New Mexico Assets Consortium sub-grantees, 40+ community partners, multiple bank and credit-union partners (Century Bank, Enterprise Bank & Trust, First American Bank, First Financial Credit Union, Guadalupe Credit Union, Rio Grande Credit Union, Southwest Capitol Bank), and employer and utility channels. Customer segments are low-income and working families in New Mexico, employees of BeneMoney-participating employers, and families with young children served through Head Start and other early-childhood partners; current leadership is CEO Dr. Ann Lyn Hall, with founder Ona Porter serving as Founder Emerita & Clean Energy Leader.
Prosperity Works firmographics
Firmographics- Name
- Prosperity Works
- Legal name
- Prosperity Works
- Website
- https://prosperityworks.net
- Company type
- Private
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Prosperity Works is a 501(c)(3) nonprofit in Albuquerque, New Mexico, delivering matched savings, banking access, fair lending, community solar, and energy-efficiency programs for limited-income New Mexicans through a statewide network of 23 sub-grantees and 40+ community, financial, employer, and utility partners.
- Ownership category
- akta.pro rank
Prosperity Works industry classification
Industry- Product category
- Community Development Financial Services
- NAICS
- Grantmaking and Giving Services (81321), Civic and Social Organizations (81341), Child and Youth Services (62411)
- SIC
- Services-Social Services (8300)
- akta.pro primary industry
- Rural Livelihoods & Economic Empowerment (BPAGABAA)
- akta.pro secondary industries
- Worksite Financial Wellness & Employee Assistance Programs (EAP) (FSAIAMAN), Community Foundations (BPAGAKAB), Entrepreneurship Foundations & Startup Basics (EDAMAHAA)
Keywords
Where Prosperity Works is headquartered
LocationHeadquarters
- HQ city
- Albuquerque
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Prosperity Works business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- Grant Funding: Prosperity Works operates as a nonprofit organization primarily funded through grants from foundations, corporations, and government entities. Major funders include Wells Fargo ($125,000 grant for matched savings accounts), and various foundation support.
Distribution channels4 records
Marketing channels4 records
Prosperity Works product offering
Product offeringCore offering
Prosperity Works is a 501(c)(3) nonprofit that provides financial empowerment, asset-building, and energy-affordability programs to limited-income individuals and families across New Mexico. Its core offerings include matched savings Individual Development Accounts (IDAs), Prosperity Kids Child Development Accounts, the Bank On New Mexico initiative to connect households to safe, low-fee banking, fair-lending options, and energy programs such as community solar, equitable energy solutions, and a community energy efficiency upgrade program.
Product overview
Prosperity Works is a nonprofit economic equity organization offering a portfolio of asset-building programs for limited-income New Mexicans. The core offerings include matched savings programs (Prosperity Kids Child Development Accounts and Individual Development Accounts), financial access (Bank On New Mexico coalition), fair lending alternatives (through BeneMoney partnership), and energy solutions (Community Solar and Equitable Energy Solutions including energy efficiency retrofits). These programs work together through the New Mexico Assets Consortium network of 23 sub-grantees to provide comprehensive support for financial stability—from childhood savings through adult asset-building and energy cost reduction.
Differentiator
Problem solved
Functional benefit
Brands
- Prosperity Kids: Matched education savings accounts for limited-income households, including Child Development Accounts for children with $100 deposits matched 1:1 up to $200 per year
- Bank On New Mexico
Products and services
- Prosperity Kids Child Development Accounts Child Development Accounts (CDAs) that help New Mexico children and families begin building savings and assets early, typically delivered through school-based partnerships.
- Individual Development Accounts (IDAs) Matched-savings accounts that pair participant deposits with philanthropic matching funds, paired with financial coaching, to help limited-income individuals save for education, homeownership, or small-business goals.
- Bank On New Mexico An initiative that connects unbanked and underbanked New Mexicans to safe, low-fee, Bank On-certified bank and credit union accounts, in partnership with local financial institutions.
- Fair Lending Options Program that connects participants to fair, affordable credit and lending products as an alternative to high-cost or predatory loans, often delivered through partner lenders.
- Community Solar A community solar program that helps limited-income New Mexico households access the benefits of solar energy and reduce their utility costs through shared solar subscriptions.
- Equitable Energy Solutions Program that delivers equitable energy solutions to limited-income New Mexicans, helping reduce household energy burden and improve energy affordability.
- Community Energy Efficiency Upgrade Program that delivers community-based residential energy efficiency upgrades to limited-income households to lower energy use and costs.
Quantifiable outcome
- Multiple program areas serving thousands of New Mexico families annually through IDA, matched savings, Bank On, community solar, and energy efficiency programs
Companies that use Prosperity Works
Customer profileSegments3 records
Ideal customer profiles1 record
Prosperity Works technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Prosperity Works partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and supporting.
- Bank On National MovementcoreNational partnership providing access to the Bank On network, which helps connect unbanked and underbanked individuals to safe, affordable bank accounts. Prosperity Works operates Bank On New Mexico as part of this national movement coordinated by the Cities for Financial Empowerment Fund.
- Cities for Financial Empowerment Fund (CFE Fund)coreNational partner for Bank On coalitions. CFE Fund coordinates the Bank On national movement and provides resources, standards, and support for local Bank On initiatives including Bank On New Mexico.
- BeneMoneycoreFair Lending partnership providing employer-based loan products. BeneMoney offers employees access to fair-priced credit through a payroll deduction model, helping working families avoid predatory lending.
- SolsticesupportingCommunity Solar partner that provides solar energy access to communities. Solstice enables Prosperity Works to offer community solar options to participants who may not be able to install individual solar systems.
- EnergyWorkssupportingEnergy efficiency implementer partner that helps deliver energy efficiency programs and services to Prosperity Works participants. EnergyWorks provides the technical implementation for weatherization and efficiency upgrades.
- PNM (Public Service Company of New Mexico)coreMajor energy partner through the PNM Good Neighborhood Fund. PNM partners on energy efficiency and community solar programs, providing funding and program access for low-income customers.
- New Mexico Gas CompanycoreEnergy partner providing access to gas efficiency programs and services. New Mexico Gas Company partners with Prosperity Works on programs helping low-income families reduce energy costs.
Scale indicators3 records
Recent moves7 records
Expansion highlights6 records
Prosperity Works competitors and assessment
Company assessmentDirect peers
- Prosperity Now (formerly CFED): National nonprofit focused on asset building and economic opportunity for low-income households; operates the largest network of IDA programs in the US and is a direct sector peer to Prosperity Works' matched-savings and Bank On-adjacent work.
- Cities for Financial Empowerment Fund (CFE Fund): National convener of the Bank On movement and operator of financial empowerment coalitions in cities; Prosperity Works is an active sub-coalition partner and the Bank On New Mexico lead, making it a direct peer in the same Bank On infrastructure.
- Community Action Agency of Southern New Mexico (CAASNM): One of Prosperity Works' named 40+ partner organizations delivering IDAs and asset-building programs in southern New Mexico; directly comparable community-action anti-poverty provider.
- Homewise: New Mexico-based nonprofit providing homebuyer education, IDA-matched savings, and fair lending; explicitly listed as a Prosperity Works IDA partner and a near-direct peer in the same markets.
- Habitat for Humanity New Mexico affiliates: Listed as a Prosperity Works partner; Habitat affiliates in New Mexico deliver IDAs, homebuyer financial coaching, and asset-building services to limited-income households with a comparable model.
Regional players
- New Mexico Voices for Children: New Mexico-focused child and family policy and research nonprofit; originally founded by Ona Porter as the Coalition for Children. Operates in the same state, overlapping mission on child poverty and family economic security.
Emerging players
- Asset Funders Network: National membership network of foundations funding asset-building and economic opportunity work; functions as a peer in the asset-building field that coordinates funders for IDAs and similar programs like Prosperity Works'.
- National Disability Institute (NDI): National nonprofit focused on financial wellness and asset building for people with disabilities; comparable model of combining financial education, asset-building accounts, and benefit access, with overlap in target populations.
Others
- TrueConnect (partner lender used by Prosperity Works): Employer-based small-dollar fair lending product referenced on the Prosperity Works website; direct functional peer to BeneMoney as an alternative to predatory lending for low-wage workers.
- Solstice (community solar provider): Named community solar implementation partner of Prosperity Works; comparable as a community-solar subscription platform serving the same low-income participant base.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Prosperity Works social profiles
Digital presenceProsperity Works financial estimates
Financial estimateRevenue estimate
Valuation estimate
Prosperity Works leadership team
Management profileNumber of profiles
Profiles2 records
Prosperity Works funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Prosperity Works M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Prosperity Works
What does Prosperity Works do?
Prosperity Works is a 501(c)(3) nonprofit that provides financial empowerment, asset-building, and energy-affordability programs to limited-income individuals and families across New Mexico. Its core offerings include matched savings Individual Development Accounts (IDAs), Prosperity Kids Child Development Accounts, the Bank On New Mexico initiative to connect households to safe, low-fee banking, fair-lending options, and energy programs such as community solar, equitable energy solutions, and a community energy efficiency upgrade program.
Is Prosperity Works a public or private company?
Prosperity Works is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Prosperity Works founded?
Prosperity Works was founded in 1996. It employs 1 to 10 people.
Where is Prosperity Works based?
Prosperity Works is headquartered in Albuquerque, United States, in the North America region.
How does Prosperity Works make money?
One revenue line is on record: grant Funding.
Who are Prosperity Works's main competitors?
Direct peers on record are Prosperity Now (formerly CFED), Cities for Financial Empowerment Fund (CFE Fund), Community Action Agency of Southern New Mexico (CAASNM), Homewise and Habitat for Humanity New Mexico affiliates. New Mexico Voices for Children is listed as a regional player. Emerging players are Asset Funders Network and National Disability Institute (NDI). Others are TrueConnect (partner lender used by Prosperity Works) and Solstice (community solar provider).
Does Prosperity Works have an API?
No public API is recorded for Prosperity Works.
What industry is Prosperity Works in?
Prosperity Works's product category is Community Development Financial Services. Its primary akta.pro industry code is BPAGABAA, Rural Livelihoods & Economic Empowerment, with a secondary code of FSAIAMAN, Worksite Financial Wellness & Employee Assistance Programs (EAP). Its NAICS code is 81321 and its SIC code is 8300.