Innovations for Poverty Action EIN 06-1660068

Innovations for Poverty Action

EIN  06-1660068 Public charity (501(c)(3)) New York, NY Founded 2002
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 7/9/26 · see original filing: IRS
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Size
$10–100M
What they do
Discovers and promotes effective solutions to global poverty.
Leadership
Eric Fullilove · CFO · $274K
Money in and out
$52.8M revenue, $57.9M expenses
Bottom line
77% program efficiency

Discovers and promotes effective solutions to global poverty. For fiscal year 2024 it reported $52.8M in revenue, $57.9M in expenses, and $4.6M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$52.8M
Pt VIII · Ln 12
Total expenses
$57.9M
Pt IX · Ln 25
Net assets
$4.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$5.1M
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.21 Fundraising $0.02
Program efficiency
77%
of spending reaches programs0% vs prior filing year
Operating runway
4.0mo
months of highly liquid reserves at operating expense rate▼ -7% vs prior filing year
Surplus margin
-10%
revenue over expenses, this year▼ -347% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$52.8M
FY2024▼ -1%
Expenses
$57.9M
FY2024▲ +6%
Total assets
$33.4M
FY2024▲ +4%
Total liabilities
$28.9M
FY2024▲ +32%
Total revenue
$52.8M
Pt VIII · Ln 12
Total expenses
$57.9M
Pt IX · Ln 25
Net assets
$4.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$5.1M
Total assetsPt X · Ln 16$33.4M
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414
Mission & Programs · Part III

Where the work happens

3 program services account for $21.4M of program spending, described in the organization's own filed words · FY2024.
01

Ipa's policy and advisory work supported the scaling of multiple cost effective programs. In the philippines, ipa partnered with the department of education and youth impact to scale an international cost-effective phone tutoring and sms-based education program, proven through randomized controlled trials as an effective remedial…

$9.4Mprogram expense
02

As part of ipa's sector programs, ipa's peace & recovery program (P&R) aims to improve outcomes for conflict- and crisis-affected populations by building the evidence base on reducing violence and fragility, promoting peace, and preventing, coping with, and recovering from crises.

$6.1Mprogram expense
03

Ipa has also continued to directly run rigorous field research to identify cost-effective and scalable programs. One example relates to childhood immunization, one of the most cost-effective ways of reducing child mortality, but in some contexts a large percentage of children fail to complete their immunization schedules.

$6.0Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CInnovations for Poverty Action
EINHdr · item D06-1660068
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwww.poverty-action.org
Year of formationHdr · item L2002
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFSocial Science (V30)
Ruling yearIRS BMFSep 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$274,059Pt VII · Sec A
Chief Philanthropy Officer
$253,502Pt VII · Sec A
Executive Director
$249,217Pt VII · Sec A
Chief Rsrch & Methodology
$236,233Pt VII · Sec A
General Counsel
$235,139Pt VII · Sec A
Controller
$167,284Pt VII · Sec A
Dir. Business & Prog. Development
$157,545Pt VII · Sec A
SR. Dir. of Sector Programs
$155,999Pt VII · Sec A

Eric Fullilove’s $274K as CFO is at the 20th percentile of top reported officer pay among 41 $10–100M social science nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Lucy Berkowitz$16,268$284,613
Eric Fullilove$274,059$274,768$262,719$257,764
Annie Duflo$249,217$265,999$239,322$196,443$188,381
Sarah De Tournemire$253,502$244,978
Steven Glazerman$236,233$229,742$217,794$211,536$201,685
Stacey Daves-Ohlin$235,139$224,486$207,435$189,874$180,357
Meseret Ansebo$145,030$225,382
Radha Rajkotia$156,880$200,556$190,784

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$39.3M · 74%
Program service revenue$13.1M · 25%
Investment income$340K · 1%
Contributions & grants74%$39.3M
Program service revenue25%$13.1M
Investment income1%$340K
Other revenue$130K
— government grantsLn 1e$5.2M
Total revenueLn 12$52.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.21 Fundraising $0.02
Program services77%$44.5M
Management & general21%$12.4M
Fundraising2%$1.0M
Total functional expensesLn 25$57.9M

Balance Sheet

Part X · end of year
CashLn 1$19.4M
Total assetsLn 16$33.4M
Total liabilitiesLn 26$28.9M
Total net assetsLn 32$4.6M
Months of cash on handcomputed4.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $19.4M · Operating expenses/yr $57.9M
4.0 months
Where the money goes
Program services
Program services $44.5M · Total expenses $57.9M
77%
Management & General
Management & general $12.4M · Total expenses $57.9M
21%
Fundraising
Fundraising $1.0M · Total expenses $57.9M
2%
Cost to raise $1
Fundraising expense (3-yr avg) $843K · Solicited contributions (3-yr avg) $44.6M
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $39.3M · Total revenue $52.8M
74%
Government reliance
Government grants $5.2M · Total revenue $52.8M
10%
Earned-income share
Program service revenue $13.1M · Total revenue $52.8M
25%
Investment reliance
Investment income $340K · Total revenue $52.8M
+1%
Program self-sufficiency
Program service revenue $13.1M · Total expenses $57.9M
23%
Growth & trend
Revenue growth (YoY)
This year $52.8M · Prior year $53.3M
-1%
Revenue CAGR
FY2020 $35.4M · FY2024 $52.8M
+11%
Net-asset trend (YoY)
End of year $4.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $52.8M · Expenses $57.9M
-10%
Liabilities-to-Assets
Total liabilities — · Total assets $33.4M
Net-asset ratio
Net assets $4.6M · Total assets $33.4M
14%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $33.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Eric Fullilove · Reported title CFO · Highest reported compensation $274K · Total expenses $57.9M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $34.9M · Total expenses $57.9M
60%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 21%
Fundraising cost ratio 3%
Revenue growth -1%
Legal fee ratio 1%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 31 funders →
Grants paid · 113 grants · $7.4M · 2020–2024
Northwestern UniversityIL · FY2024$360,457
Freedom FundNY · FY2024$207,542
Yale UniversityCT · FY2024$174,485
Univ of Penn TrustePA · FY2024$127,091
The College of William and MaryFY2024$60,000
Johns Hopkins UniversityMD · FY2024$27,000
Regents of the University of California DavisFY2024$26,013
Univ of Penn TrustePA · FY2024$25,000
World Hope International INCVA · FY2024$24,796
See all 113 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$52.8M revenue · viewing · ⤓ 990 PDF
FY2023$53.3M revenue · ⤓ 990 PDF
FY2022$54.9M revenue · ⤓ 990 PDF
FY2021$47.8M revenue · ⤓ 990 PDF
FY2020$35.4M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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