Grameen Foundation USA

Analysis

Grameen Foundation USA is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Grameen Foundation USA reported income of $10.4m and spending of $11.4m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.6m to $10.4m (+36%), an average of +8.1% a year. The sharpest change came in the year to June 2021, when income rose by 55%. Over the whole period it spent 108% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Grameen Foundation USA sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 87th percentile within DC. Charities of a similar size with the same main cause include Fika ($10.4m), American Friends of Hebron Yeshiva Jerusalem Inc ($10.4m) and Dorcas International Institute of Rhode Island Inc ($10.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 9.4% of the total. Compensation of current officers, directors and key employees was $1.4m (12% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $8.8m against liabilities of $5.8m, net assets of $3.0m. It reported 27 employees.