INNOVATIONS FOR POVERTY ACTION

EIN: 061660068 501(c)(3) Social Science

WASHINGTON, DC

Total Revenue
$53,278,625
Total Expenses
$54,430,966
Total Assets
$32,068,016
Net Assets
$10,261,176
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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
NJ
Principal Officer
ANNIE DUFLO
Phone
2036729507
Tax Period
2023-01-01 to 2023-12-31

INNOVATIONS FOR POVERTY ACTION, founded in 2002, is a mid-sized nonprofit in the Social Science sector that reported $53.3M in total revenue in fiscal year 2023.

Mission

INNOVATIONS FOR POVERTY ACTION DISCOVERS AND PROMOTES EFFECTIVE SOLUTIONS TO GLOBAL POVERTY.

Program Service Accomplishments

Program 1
Expenses: $13,045,825 Revenue: $1,505,221

EDUCATION: IPA PARTNERED WITH THE LEGO FOUNDATION AND MINISTRIES OF EDUCATION IN FIVE COUNTRIES TO ESTABLISH EMBEDDED EVIDENCE LABS AIMED AT IMPROVING EARLY LEARNING OUTCOMES FOR CHILDREN. THE...

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EDUCATION: IPA PARTNERED WITH THE LEGO FOUNDATION AND MINISTRIES OF EDUCATION IN FIVE COUNTRIES TO ESTABLISH EMBEDDED EVIDENCE LABS AIMED AT IMPROVING EARLY LEARNING OUTCOMES FOR CHILDREN. THE PRIMARY OBJECTIVE IS TO ENHANCE THE USE OF DATA AND EVIDENCE FOR EDUCATION POLICY BY EMBEDDING TEAMS WITHIN THE MINISTRIES. THIS APPROACH FOSTERS A HORIZONTAL LEARNING PROCESS, ENABLING BOTH PARTIES TO LEARN FROM EACH OTHER WHILE SIMULTANEOUSLY BUILDING CAPACITY IN DATA AND EVIDENCE UTILIZATION.IN RWANDA, IPA AND THE GEORGETOWN UNIVERSITY INITIATIVE ON INNOVATION, DEVELOPMENT AND EVALUATION (GUI2 DE) HAVE ESTABLISHED AN EMBEDDED EVIDENCE LAB TO SUPPORT THE MINISTRY OF EDUCATION IN SCALING A SUCCESSFUL PAY-FOR-PERFORMANCE CONTRACT SCHEME. THE LAB'S CURRENT FOCUS IS ON SUPPORTING THE GOVERNMENT OF RWANDA'S NEW COMPREHENSIVE ASSESSMENT IN PUBLIC SCHOOLS, WHICH IS NECESSARY FOR AN EFFECTIVE SCALE-UP OF THE CONTRACT INITIATIVE. ITS BROADER VISION IS TO SERVE AS A CENTRAL HUB PROVIDING SERVICES RELATED TO DIVERSE EDUCATIONAL THEMES, ENGAGING WITH ACADEMICS, STRENGTHENING POLICY-ANALYTIC CAPABILITIES, AND FOSTERING ITERATIVE FEEDBACK LOOPS FOR POLICY DESIGN, EVALUATION, AND ADAPTATION. ULTIMATELY, THE EMBEDDED EVIDENCE LAB AIMS TO CREATE AN ENVIRONMENT WHERE DATA-DRIVEN DECISION-MAKING AND EVIDENCE-BASED PRACTICES LEAD TO IMPROVED LEARNING OUTCOMES FOR STUDENTS, MAKING A LASTING IMPACT ON EDUCATION POLICY.

Program 2
Expenses: $5,940,239

THE FINANCIAL INCLUSION PROGRAM SEEKS TO INFORM PROGRAMS THAT CAN ENSURE LOW-INCOME HOUSEHOLDS HAVE ACCESS TO AFFORDABLE AND SAFE SERVICES TO MANAGE THEIR FINANCIAL RESOURCES. IN 2022, IPA LAUNCHED...

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THE FINANCIAL INCLUSION PROGRAM SEEKS TO INFORM PROGRAMS THAT CAN ENSURE LOW-INCOME HOUSEHOLDS HAVE ACCESS TO AFFORDABLE AND SAFE SERVICES TO MANAGE THEIR FINANCIAL RESOURCES. IN 2022, IPA LAUNCHED AN EMBEDDED LAB AT THE CENTRAL BANK OF NIGERIA TO STRENGTHEN THE USE OF DATA AND EVIDENCE-BASED DECISION-MAKING WITHIN THE DEPARTMENT TO ENHANCE CONSUMER PROTECTION POLICIES AND PROGRAMS. IT ESTABLISHED THE FINANCIAL INCLUSION PROGRAM SCIENTIFIC ADVISOR GROUP AND THE INTEROPERABLE PAYMENT SYSTEMS GROUP AND CONVENED THE ANNUAL RESEARCHER GATHERING. IT COMPLETED A PROJECT IN INDONESIA AND LESOTHO ON WOMEN ENTREPRENEURS' ACCESS TO FINANCIAL SERVICES, WHICH INCLUDED WORKING DIRECTLY WITH FINANCIAL SERVICE PROVIDERS ON PROTOTYPING NEW PRODUCTS AND SERVICES BASED ON RIGOROUS EVIDENCE. IN ADDITION, IPA PUBLISHED FIVE FINANCIAL INCLUSION BRIEFS AND DEVELOPED AND LAUNCHED NEW PROJECTS IN BANGLADESH, THE PHILIPPINES, AND TANZANIA.

Program 3
Expenses: $5,546,491

ONE NOTABLE RCT CONDUCTED BY IPA IN PARTNERSHIP WITH RESEARCHERS MICHAEL KREMER AND EDWARD MIGUEL IN KENYA EXAMINED THE IMPACT OF A FREE DEWORMING PROGRAM FOR CHILDREN AT SCHOOLS. THE RESULTS WERE...

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ONE NOTABLE RCT CONDUCTED BY IPA IN PARTNERSHIP WITH RESEARCHERS MICHAEL KREMER AND EDWARD MIGUEL IN KENYA EXAMINED THE IMPACT OF A FREE DEWORMING PROGRAM FOR CHILDREN AT SCHOOLS. THE RESULTS WERE REMARKABLE. THE PROGRAM REDUCED SERIOUS WORM INFECTIONS BY 61 PERCENT AND EVEN HAD POSITIVE EFFECTS ON UNTREATED CHILDREN IN NEARBY AREAS (KNOWN AS SPILLOVER EFFECTS). THESE HEALTH IMPROVEMENTS TRANSLATED INTO SIGNIFICANT EDUCATIONAL BENEFITS, INCLUDING A 25 PERCENT REDUCTION IN SCHOOL ABSENTEEISM AND INCREASED ATTENDANCE IN SECONDARY SCHOOL, PARTICULARLY FOR GIRLS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $51,445,509
Program Service Revenue $492,086
Investment Income $327,895
Other Revenue $1,013,135
TOTAL REVENUE $53,278,625

Expense Breakdown

Grants Paid $3,610,664
Salaries & Benefits $31,845,059
Fundraising Expenses $713,751
Program Expenses $41,940,649
Other Expenses $18,975,243
TOTAL EXPENSES $54,430,966

Year-over-Year Comparison

2023 2022 Change
Revenue $53,278,625 $54,859,211 0.0%
Expenses $54,430,966 $49,275,784 +0.1%
Net Income $-1,152,341 $5,583,427 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
17
Independent Members
17
Employees
127
Volunteers
17

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$1,068,907
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AGNIESZKA ZIEMINSKA YANK DIRECTOR 3.00
Director
$0 $0 $0
ANKUR VORA DIRECTOR 3.00
Director
$0 $0 $0
BENJAMIN APPEN DIRECTOR 3.00
Director
$0 $0 $0
CINA LAWSON DIRECTOR 3.00
Director
$0 $0 $0
COLIN TEICHHOLTZ DIRECTOR 3.00
Director
$0 $0 $0
DAVID WELLS DIRECTOR 3.00
Director
$0 $0 $0
HEATHER WOODRUFF GRIZZLE DIRECTOR 3.00
Director
$0 $0 $0
JANE MARIARA DIRECTOR 3.00
Director
$0 $0 $0
JANET ZHOU DIRECTOR 3.00
Director
$0 $0 $0
JYOTSNA PURI DIRECTOR 3.00
Director
$0 $0 $0
KAREN LEVY DIRECTOR 3.00
Director
$0 $0 $0
KENTARO TOYAMA DIRECTOR 3.00
Director
$0 $0 $0
LAURA HATTENDORF DIRECTOR 3.00
Director
$0 $0 $0
MUSHFIQ MOBARAK DIRECTOR 3.00
Director
$0 $0 $0
RAKESH RAJANI DIRECTOR (OUTGOING) 3.00
Director
$0 $0 $0
RUSSELL SIEGELMAN CHAIRMAN 3.00
Officer Director
$0 $0 $0
TREY BECK DIRECTOR 3.00
Director
$0 $0 $0
VINEET BEWTRA DIRECTOR 3.00
Director
$0 $0 $0
WENDY ABT DIRECTOR (OUTGOING) 3.00
Director
$0 $0 $0
ANNIE DUFLO EXECUTIVE DIRECTOR 40.00
Officer
$265,999 $50,314 $316,313
ERIC FULLILOVE CFO 40.00
Officer
$274,768 $23,968 $298,736
MESERET ANSEBO CHIEF PEOPLE OFFICER (OUTGOING) 40.00
Officer
$145,030 $25,768 $170,798
STACEY DAVES-OHLIN GENERAL COUNSEL 40.00
Officer
$224,486 $58,574 $283,060
DAVID ANDREW BERRY SENIOR DIRECTOR (OUTGOING) 40.00
Highest
$172,372 $9,361 $181,733
FARAN NADIR SENIOR DIRECTOR 40.00
Highest
$149,805 $48,655 $198,460
PACE PHILLIPS DIR. BUSINESS & PROG DEVEL 40.00
Highest
$152,710 $54,329 $207,039
SARAH DE TOURNEMIRE CHIEF PARTNER. & PHILANTHROPY OFFICER 40.00
Highest
$244,978 $55,175 $300,153
STEVEN GLAZERMAN CHIEF RSRCH & METHODOLOGY 40.00
Highest
$229,742 $55,587 $285,329
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $53,278,625 $54,430,966 $32,068,016 $-1,152,341
2022 $54,859,211 $49,275,784 $38,831,283 $5,583,427
2021 $47,809,311 $43,568,333 $30,811,263 $4,240,978
2021 $47,809,311 $43,568,333 $30,811,263 $4,240,978
2020 $35,392,801 $35,548,175 $25,619,295 $-155,374
2019 $43,819,492 $42,377,054 $22,299,235 $1,442,438
2018 $41,115,775 $39,943,714 $22,782,355 $1,172,061
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