Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1985.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
90 cents of each dollar spent went to programs.
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
10 people listed on the 990; $298K paid to officers and key staff.
Solome Lemma’s $268K as President & CEO is at the 52nd percentile of top reported officer pay among 345 $10–100M international 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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Solome Lemma | $267,780 | $191,182 | $169,120 | $162,552 | $143,072 | $128,761 |
| Katherine Zavala | $250,930 | $147,880 | — | — | — | — |
| Cindy Clark | $187,938 | — | — | — | — | — |
| Zanele Sibanda | $187,938 | — | — | — | — | — |
| Rajiv Khanna | $187,597 | $152,522 | — | — | — | — |
| Jenesha De Rivera | $180,121 | $141,127 | $129,189 | $114,864 | $108,662 | $94,631 |
| Kailee Scales | — | — | — | — | — | $170,000 |
| Cindy Del Rosario Tappan | $141,389 | $128,195 | — | — | — | — |
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
Fund, connect, and support local groups improving their communities.
Questions for Thousand Currents
Your first name shows with your question. Thousand Currents answers here, for everyone.
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For nearly 40 years, thousand currents has invested more than $31 million in 1,000 grassroots and movement formations in the global south working to improve social, economic, and political conditions in their communities. Today, we make connections and facilitate relationships for collective power and collective change.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $24.5M | $23.1M |
| InvestmentsLn 11–13 | $2.7M | $3.4M |
| Total assetsLn 16 | $28.7M | $28.9M |
| LiabilitiesLn 26 | $672K | $714K |
| Net assetsLn 32 | $28.1M | $28.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $8.7M | $8.7M | ||
| Grants and assistance to foreign recipientsLn 3 | $9.6M | $9.6M | ||
| Pay of current officers, directors and key staffLn 5 | $411K | $236K | $90K | $85K |
| Other salaries and wagesLn 7 | $2.8M | $1.6M | $611K | $569K |
| Pension plan contributionsLn 8 | $22K | $12K | $5K | $5K |
| Other employee benefitsLn 9 | $388K | $226K | $82K | $81K |
| Payroll taxesLn 10 | $168K | $101K | $34K | $34K |
| Legal feesLn 11b | $273K | $167K | $92K | $15K |
| Accounting feesLn 11c | $86K | $86K | ||
| Investment management feesLn 11f | $25K | $25K | ||
| Other fees for servicesLn 11g | $745K | $558K | $93K | $94K |
| Office expensesLn 13 | $56K | $41K | $6K | $10K |
| Information technologyLn 14 | $82K | $48K | $16K | $19K |
| OccupancyLn 16 | $29K | $17K | $7K | $6K |
| TravelLn 17 | $286K | $209K | $37K | $40K |
| Conferences, conventions and meetingsLn 19 | $179K | $89K | $41K | $49K |
| Depreciation, depletion and amortizationLn 22 | $2K | $1K | $467 | $460 |
| InsuranceLn 23 | $26K | $8K | $15K | $3K |
| Other expenses (24a–d)Ln 24 | $56K | $12K | $6K | $39K |
| Total functional expensesLn 25 | $23.9M | $21.6M | $1.2M | $1.0M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $20.0M | $54.5M | −$34.5M | $27.1M | 990 PDF |
| FY2024 | $63.6M | $30.8M | $32.8M | $61.2M | 990 PDF |
| FY2023 Viewing | $23.8M | $23.9M | −$93K | $28.2M | 990 PDF |
| FY2022 | $25.2M | $13.7M | $11.5M | $28.1M | 990 PDF |
| FY2021 | $15.2M | $80.5M | −$65.3M | $17.2M | 990 PDF |
| FY2020 | $86.9M | $10.8M | $76.1M | $82.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $23,796,383 revenue, 12 lines filed
Part VI · Governance 8 of 8 board members independent, no flags
Part VIII · Statement of revenue $23,796,383 across 8 lines filed
Part IX · Statement of functional expenses $23,889,477 across 19 lines filed
Part X · Balance sheet $28,892,801 assets, 14 lines filed
Part XI · Reconciliation of net assets $28,178,884 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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