INSAAN GROUP

EIN: 743182378 501(c)(3) Philanthropy & Grantmaking

New York, NY

Total Revenue
$210,885
Total Expenses
$164,056
Total Assets
$826,212
Net Assets
$823,984
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
NY
Principal Officer
Farahnaz Karim
Phone
6786563896
Tax Period
2024-01-01 to 2024-12-31

INSAAN GROUP, founded in 2006, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $211K in total revenue in fiscal year 2024. Revenue fell 50% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $47K, a strong 22% operating margin.

Mission

Insaan means human. Insaan's mission is to change the lives of many, for better, for good. We do this by investing in solutions to poverty. We provide catalytic capital to early-stage ventures that create employment and/or deliver a service or product relevant to low-income, under-served markets with a focus on sub-Saharan Africa and India.

Program Service Accomplishments

Program 1
Expenses: $27,317 Revenue: $14,144

Impact Footprint - This program expense was used to build Impact Footprint. Impact Footprint is a new digital tool to accelerate the financing of innovative solutions contributing to the United...

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Impact Footprint - This program expense was used to build Impact Footprint. Impact Footprint is a new digital tool to accelerate the financing of innovative solutions contributing to the United Nations Sustainable Development Goals. Powered by accessible and standardized data, it enables changemakers to showcase their story and impact and allows philanthropists and impact investors to discover and accelerate the financing of local solutions. Impact Footprint (IF) is a public good and registration is free. It is powered by Insaan Group, a philanthropic entity that invests in solutions to poverty and brings systemic change through innovation. Insaan means human. The platform can be seen here: https://impactfootprint.org/

Program 2
Expenses: $8,400 Revenue: $0

Insaan Group Foundation - Insaan is registered in India as Insaan Group Foundation, hence the administrative costs. Its operational impact is currently limited by foreign funds' transfer regulations...

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Insaan Group Foundation - Insaan is registered in India as Insaan Group Foundation, hence the administrative costs. Its operational impact is currently limited by foreign funds' transfer regulations in India, and the team's limited current capacity to invest in local fundraising there.

Program 3
Expenses: $98,000 Revenue: $98,000

Education (Gyan Shala) - Gyan Shala designs highly structured curricula to deliver low-cost, quality education at scale to children living in slums in India. Since 2012, Insaan has been supporting...

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Education (Gyan Shala) - Gyan Shala designs highly structured curricula to deliver low-cost, quality education at scale to children living in slums in India. Since 2012, Insaan has been supporting Gyan Shala through grants, pro bono assistance on videography/photography and monitoring and evaluation work, with a focus on end-users. In 2015, Insaan Group was Gyan Shala's evaluation partner as part of a multi-year grant led by the MacArthur Foundation (and a consortium of eight foundations including the Mastercard Foundation, Intel Foundation, Dubai Cares) focused on piloting their high school program in Gujarat. In 2024, Gyan Shala continued to run elementary and middle school programs in seven cities and four states in India, with a focus on partnerships with state governments to replicate its model in public schools, thus scaling its impact.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $208,485
Program Service Revenue $2,400
Investment Income $0
Other Revenue $0
TOTAL REVENUE $210,885

Expense Breakdown

Grants Paid $98,000
Salaries & Benefits $46,143
Fundraising Expenses $60
Program Expenses $133,717
Other Expenses $19,913
TOTAL EXPENSES $164,056

Year-over-Year Comparison

2024 2023 Change
Revenue $210,885 $418,885 -0.5%
Expenses $164,056 $442,857 -0.6%
Net Income $46,829 $-23,972 -3.0%
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
5
Independent Members
5
Employees
N/A
Volunteers
10

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
1
$31,681
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Farahnaz Karim Chief Executive Officer 40
Officer
$0 $31,681 $31,681
Bashar Chalabi Director 1
Director
$0 $0 $0
Elizabeth Kronoff Director 2
Director
$0 $0 $0
Hamza Ben Abderahmen Director 1
Director
$0 $0 $0
Randeep Kaur Director IGF 1
Director
$0 $0 $0
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 $210,885 $164,056 $826,212 $46,829
2023 $418,885 $604,504 $878,115 $-185,619
2023 $418,885 $442,857 $1,039,762 $-23,972
2022 $89,669 $233,244 $891,543 $-143,575
2021 $383,825 $222,043 $954,204 $161,782
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