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International : Development and Relief Services

Acumen

Acumen raises charitable donations to invest in companies, leaders and ideas to change the way the world tackles poverty

four stars

96.49

40 Worth Street Suite 303
New York, NY 10013
tel: (212) 566-8821   Web Site
EIN: 13-4166228

Board Leadership
Robert H. Niehaus
Board Chair

CEO
Jacqueline Novogratz
Chief Executive Officer

  Score
(out of 100)
Rating
Overall Score & Rating 96.49 four stars
  Financial 95.04 four stars
  Accountability & Transparency 100.00 four stars
This rating was published 03/01/2017 and includes data from FY2015, the most recent 990 received at that time.

Learn more about how we calculate the overall score and rating.

Financial

four stars

95.04

Accountability & Transparency

four stars

100.00

This rating was published 03/01/2017 and includes data from FY2015, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity’s total expenses spent on the programs
and services it delivers)
76.4%
  Administrative Expenses 12.7%
  Fundraising Expenses 10.7%
  Fundraising Efficiency $0.09
  Working Capital Ratio (years) 6.12
  Program Expenses Growth 15.0%
  Liabilities to Assets 1.3%
All data for Financial Performance Metrics calculations was provided by Acumen on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Acumen on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Acumen (NY) 96.49 four stars
Partners Worldwide (MI) 96.19 four stars
KickStart International (CA) 87.62 three stars
Endeavor (NY) 93.82 four stars
EMpower (NY) 90.46 four stars

Compare These Charities (Highly Rated)

Founded in 2001, Acumen Fund is a global venture fund that uses entrepreneurial approaches to solve the problems of global poverty. We seek to prove that small amounts of philanthropic capital, combined with large doses of business acumen, can build thriving enterprises that serve vast numbers of the poor. Our investments focus on delivering affordable, critical goods and services - like health, water, housing and energy - through innovative, market-oriented approaches. We believe that pioneering entrepreneurs will ultimately find the solutions to poverty. We use philanthropic capital to make disciplined investments - loans or equity, not grants -that yield both financial and social returns. Any financial returns we receive are recycled into new investments.

REVENUE  
Contributions  
   Contributions, Gifts & Grants $22,558,173
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $22,558,173
   Program Service Revenue $769,446
Total Primary Revenue $23,327,619
   Other Revenue $300,901
TOTAL REVENUE $23,628,520
   
EXPENSES  
   Program Expenses $13,045,417
   Administrative Expenses $2,187,833
   Fundraising Expenses $2,052,248
TOTAL FUNCTIONAL EXPENSES $17,285,498
   
Payments to Affiliates $0
Excess (or Deficit) for the year $6,343,022
   
Net Assets $101,370,456

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Investing and Portfolio Management $7,914,774 60.7%
Impact and Communications $3,688,249 28.3%
Fellows and Leadership Programs $1,442,394 11.1%

Ratings History
Acumen has received 6 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2015-12 03/01/2017 96.49 four stars
2014-12 06/01/2016 94.68 four stars
 
CN 2.0
2014-12 02/01/2016 92.92 four stars
2013-12 07/01/2015 95.09 four stars
2012-12 02/01/2014 91.03 four stars
2011-12 05/01/2013 96.52 four stars
2010-12 04/01/2012 94.29 four stars
2009-12 09/20/2011 89.39 three stars
 
CN 1.0
2009-12 05/01/2011 85.54 three stars
2008-12 06/01/2010 92.27 four stars
2007-12 06/01/2009 95.05 four stars
2006-12 09/01/2008 94.89 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 13-4166228
Name in IRS Master File ACUMEN FUND INC
NTEE Code Q12
NTEE Classification Fund Raising and/or Fund Distribution
NTEE Type International, Foreign Affairs and National Security
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2015
  • December, 2014
  • December, 2013
  • December, 2012
  • December, 2011

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

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Compensation % of Expenses Paid to Title
$321,602 1.86% Jacqueline Novogratz CEO

Founded in 2001, Acumen Fund is a global venture fund that uses entrepreneurial approaches to solve the problems of global poverty. We seek to prove that small amounts of philanthropic capital, combined with large doses of business acumen, can build thriving enterprises that serve vast numbers of the poor. Our investments focus on delivering affordable, critical goods and services - like health, water, housing and energy - through innovative, market-oriented approaches. We believe that pioneering entrepreneurs will ultimately find the solutions to poverty. We use philanthropic capital to make disciplined investments - loans or equity, not grants -that yield both financial and social returns. Any financial returns we receive are recycled into new investments.

Highly Rated

Charity Name & State Overall Score Overall Rating
Acumen (NY) 96.49 four stars
Esperanza International Foundation (WA) 86.81 three stars
Global Volunteers (MN) 88.67 three stars
Akshaya Patra USA (MA) 91.99 four stars
People for Care and Learning (TN) 90.94 four stars

Compare These Charities (Highly Rated)

This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Acumen
40 Worth Street
Suite 303
New York, NY 10013
tel: (212) 566-8821
fax: (212) 566-8817
EIN: 13-4166228

Visit Web Site

Board Leadership

Robert H. Niehaus
Board Chair

CEO

Jacqueline Novogratz
Chief Executive Officer

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