Innovations for Poverty Action discovers and promotes effective solutions to global Poverty.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$1.3M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $684K a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.3M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $26K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$23.1M
90% of total assets
Concern: liabilities are 90% of assets; over 80%.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$35.4M
Spent
$35.5M
To programs
75%
Net assets
$2.5M
By yearFY2020–FY2024
Revenue
$35.4M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$35.4M
FY2021$47.8M
FY2022$54.9M
FY2023$53.3M
FY2024$52.8M
Expenses
$35.5M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$35.5M
FY2021$43.6M
FY2022$49.3M
FY2023$54.4M
FY2024$57.9M
Net assets
$2.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.5M
FY2021$6.6M
FY2022$11.9M
FY2023$10.3M
FY2024$4.6M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $26.7M Management & general 23% · $8.2M Fundraising 2% · $637K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

21 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation
Cfao and Treasurer
$284,613Pt VII · Sec A
Chief Research & Methodolo
$201,685Pt VII · Sec A
Chief Research & Policy of
$190,784Pt VII · Sec A
Chief Executive Officer
$188,381Pt VII · Sec A
General Counsel/Secretary
$180,357Pt VII · Sec A
Global HR Director
$148,920Pt VII · Sec A
Director/ Poverty Measurement
$124,790Pt VII · Sec A
Director / Trustee
$0Pt 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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Discovers and promotes effective solutions to global poverty.

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Provided by the organization

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3 programs · $10.3M · in their own filed words · FY2020
01

Peace & Recovery

Ipa's work in the sector of peace & recovery aims to build rigorous evidence on effective ways to build peace and stability in conflict and crisis-affected contexts. In 2020, ipa's major work and accomplishments in the peace & recovery sector included funding research projects through a competitive fund, including solutions to refugee…

$4.3Mprogram expense
02

Financial Inclusion

To support financial inclusion efforts around the world, ipa partners with service providers, governments, and researchers to design and rigorously test financial services and programs encouraging healthy financial behavior among the poor.

$3.3Mprogram expense
03

Education

The education sector program at ipa works to rigorously evaluate programs that aim to improve education outcomes, increase access to and quality of early childhood education, and improve school attendance, among other goals.

$2.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$26K
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 →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$35.4M
Ln 12
Gifts and grantsLn 1h$36.3M
Investment incomeLn 3$6K
Money outPt IX
$35.5M
Ln 25
Programscol B$26.7M
Managementcol C$8.2M
Fundraisingcol D$637K
Owns and owesPt X
$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$16.2M
Total assetsLn 16$25.6M
LiabilitiesLn 26$23.1M
PeoplePt VI, VII
21
listed · VII A
PaidVII A7
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$36.3M
Government grantsLn 1e$6.0M
Noncash giftsLn 1g$645K
Investment incomeLn 3$6K
Total revenueLn 12$35.4M
Assets in detailPt X, end of year
CashLn 1$14.9M
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$16.2M
Land, buildings, equipmentLn 10c$381K
Other assetsLn 15$44K
Total assetsLn 16$25.6M
LiabilitiesLn 26$23.1M
Net assetsLn 32$2.5M
OperationsPt I, VI
EmployeesI 5140
VolunteersI 624
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$4.4M$16.2M
Land, buildings, equipmentLn 10c$390K$381K
Total assetsLn 16$22.3M$25.6M
LiabilitiesLn 26$19.6M$23.1M
Net assetsLn 32$2.7M$2.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.4M$1.4M
Grants and assistance to foreign recipientsLn 3$444K$444K
Pay of current officers, directors and key staffLn 5$530K$398K$123K$9K
Other salaries and wagesLn 7$18.3M$13.7M$4.3M$308K
Pension plan contributionsLn 8$433K$228K$205K
Other employee benefitsLn 9$2.9M$2.2M$598K$165K
Payroll taxesLn 10$993K$273K$720K
Legal feesLn 11b$167K$159K$8K
Accounting feesLn 11c$550K$99K$451K
Other fees for servicesLn 11g$2.2M$1.9M$281K$12K
Office expensesLn 13$811K$692K$109K$10K
Information technologyLn 14$1.1M$337K$725K$68K
OccupancyLn 16$1.2M$933K$218K$37K
TravelLn 17$1.9M$1.8M$87K$768
Conferences, conventions and meetingsLn 19$355K$347K$8K$699
InterestLn 20$21K$466$20K
Depreciation, depletion and amortizationLn 22$90K$16K$73K
InsuranceLn 23$278K$88K$175K$15K
Other expenses (24a–d)Ln 24$1.8M$1.7M$107K$11K
Total functional expensesLn 25$35.5M$26.7M$8.2M$637K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $52.8M$57.9M−$5.1M$4.6M 990 PDF
FY2023 $53.3M$54.4M−$1.2M$10.3M 990 PDF
FY2022 $54.9M$49.3M$5.6M$11.9M 990 PDF
FY2021 $47.8M$43.6M$4.2M$6.6M 990 PDF
FY2020 Viewing $35.4M$35.5M−$155K$2.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign M · Noncash J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $35,392,801 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $43,805,398$36,348,863
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $14,094$6,398
I-11 Other revenuePrior year $0−$962,460
I-12 Total revenuePrior year $43,819,492$35,392,801
I-13 Grants and similar amounts paidPrior year $2,312,271$1,862,403
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $22,782,187$23,177,983
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $17,282,596$10,507,789
I-18 Total expensesPrior year $42,377,054$35,548,175
I-19 Revenue less expensesPrior year $1,442,438−$155,374
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $35,392,801 across 7 lines filed
VIII-1e Government grants$5,954,739
VIII-1f All other contributions, gifts and grants$30,394,124
VIII-1g Noncash contributions (included above)$645,352
VIII-1h Total contributions, gifts and grants$36,348,863
VIII-3 Investment incomeExcluded from tax $6,398$6,398
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax −$962,460−$962,460
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$956,062$35,392,801
Part IX · Statement of functional expenses $35,548,175 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $1,418,269$1,418,269
IX-3 Grants and assistance to foreign recipientsPrograms $444,134$444,134
IX-5 Pay of current officers, directors and key staffPrograms $397,845 · Management $123,304 · Fundraising $8,939$530,088
IX-7 Other salaries and wagesPrograms $13,725,031 · Management $4,253,794 · Fundraising $308,382$18,287,207
IX-8 Pension plan contributionsPrograms $227,952 · Management $205,263$433,215
IX-9 Other employee benefitsPrograms $2,171,152 · Management $597,507 · Fundraising $165,359$2,934,018
IX-10 Payroll taxesPrograms $273,404 · Management $720,051$993,455
IX-11b Legal feesPrograms $158,648 · Management $8,135$166,783
IX-11c Accounting feesPrograms $98,904 · Management $451,374$550,278
IX-11g Other fees for servicesPrograms $1,939,641 · Management $280,581 · Fundraising $12,225$2,232,447
IX-13 Office expensesPrograms $692,449 · Management $108,577 · Fundraising $9,710$810,736
IX-14 Information technologyPrograms $336,925 · Management $725,257 · Fundraising $68,308$1,130,490
IX-16 OccupancyPrograms $932,708 · Management $217,561 · Fundraising $36,543$1,186,812
IX-17 TravelPrograms $1,800,689 · Management $87,426 · Fundraising $768$1,888,883
IX-19 Conferences, conventions and meetingsPrograms $346,844 · Management $7,538 · Fundraising $699$355,081
IX-20 InterestPrograms $466 · Management $20,300$20,766
IX-22 Depreciation, depletion and amortizationPrograms $16,445 · Management $73,364$89,809
IX-23 InsurancePrograms $88,241 · Management $175,473 · Fundraising $14,594$278,308
IX-24 Other expenses (24a–d)Programs $1,678,967 · Management $107,401 · Fundraising $11,028$1,797,396
IX-25 Total functional expensesPrograms $26,748,714 · Management $8,162,906 · Fundraising $636,555$35,548,175
Part X · Balance sheet $25,619,295 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $3,425,829$14,939,377
X-2 Savings and temporary cash investmentsStart of year $955,907$1,238,188
X-3 Pledges and grants receivableStart of year $3,552,904$791,255
X-4 Accounts receivableStart of year $12,420,544$6,782,375
X-8 Inventories for sale or use$30,174
X-9 Prepaid expenses and deferred chargesStart of year $1,452,979$1,413,052
X-10c Land, buildings and equipment, netStart of year $389,972$381,269
X-15 Other assetsStart of year $101,100$43,605
X-16 Total assetsStart of year $22,299,235$25,619,295
X-17 Accounts payable and accrued expensesStart of year $4,006,676$4,844,355
X-19 Deferred revenueStart of year $15,109,741$18,205,856
X-25 Other liabilitiesStart of year $500,000$41,640
X-26 Total liabilitiesStart of year $19,616,417$23,091,851
X-27 Net assets without donor restrictionsStart of year −$870,086$1,736,189
X-28 Net assets with donor restrictionsStart of year $3,552,904$791,255
X-32 Total net assets or fund balancesStart of year $2,682,818$2,527,444
X-33 Total liabilities and net assetsStart of year $22,299,235$25,619,295
Part XI · Reconciliation of net assets $2,527,444 net assets at year end
XI-1 Total revenue$35,392,801
XI-2 Total expenses$35,548,175
XI-3 Revenue less expenses−$155,374
XI-4 Net assets at start of year$2,682,818
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,527,444

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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