The authors examined the effects of antipoverty programs on children's cumulative poverty-related risk and the relationship between cumulative poverty-related risk and child outcomes among low-income families. Samples included 419 children ages 3-10 years in the New Hope program and 759 children ages 2-9 years in the Minnesota Family Investment Program (MFIP), which tested 2 program approaches. Nine poverty-related risks made up the measure of cumulative risk. Both MFIP program approaches reduced cumulative poverty-related risk. New Hope reduced cumulative poverty-related risk among long-term welfare recipients. In both New Hope and MFIP, significant linear relationships between cumulative poverty-related risk and parent-reported behavior problems and school achievement were found. Cumulative poverty-related risk partially mediated the impacts of the MFIP programs on children's behavior problems. Among long-term welfare recipients, cumulative poverty-related risk partially mediated New Hope's impact on parent-reported school achievement.