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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

93.84

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

Board Leadership
Shaiza Rizavi
Board Chair

CEO
Jacqueline Novogratz
Chief Executive Officer

 
 
  Score
(out of 100)
Rating
Overall Score & Rating 93.84
  Financial 96.58
  Accountability & Transparency 92.00
This rating was published 09/01/2021 and includes data from FY2019, the most recent 990 received at that time.

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.

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.

Financial

96.58

Accountability & Transparency

92.00

This rating was published 09/01/2021 and includes data from FY2019, 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)
81.8%
  Administrative Expenses 6.8%
  Fundraising Expenses 11.2%
  Fundraising Efficiency $0.09
  Working Capital Ratio (years) 5.72
  Program Expenses Growth 12.8%
  Liabilities to Assets 3.5%
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) 93.84
Thousand Currents (CA) 94.28
BrazilFoundation (NY) 87.51
Plant With Purpose (CA) 92.82
EMpower (NY) 95.59

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $22,453,149
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $2,949,421
Total Contributions $25,402,570
   Program Service Revenue $2,317,027
Total Primary Revenue $27,719,597
   Other Revenue $3,247,251
TOTAL REVENUE $30,966,848
   
EXPENSES  
   Program Expenses $21,682,234
   Administrative Expenses $1,570,963
   Fundraising Expenses $3,316,680
TOTAL FUNCTIONAL EXPENSES $26,569,877
   
Payments to Affiliates $0
Excess (or Deficit) for the year $4,396,971
   
Net Assets $135,879,359

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 $10,618,043 49.0%
Fellows and Leadership Programs $5,653,586 26.1%
Impact and Communications $5,410,605 25.0%

Ratings History
Acumen has received 10 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-12 09/01/2021 93.84
2018-12 07/01/2020 93.75
2017-12 06/01/2019 96.85
2016-12 06/01/2018 95.27
2015-12 03/01/2017 96.49
2014-12 06/01/2016 94.68
 
CN 2.0
2014-12 02/01/2016 92.92
2013-12 07/01/2015 95.09
2012-12 02/01/2014 91.03
2011-12 05/01/2013 96.52
2010-12 04/01/2012 94.29
2009-12 09/20/2011 89.39
 
CN 1.0
2009-12 05/01/2011 85.54
2008-12 06/01/2010 92.27
2007-12 06/01/2009 95.05
2006-12 09/01/2008 94.89

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]
Ruling Date July, 2001
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, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$359,281 1.35% Jacqueline Novogratz CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Acumen (NY) 93.84
Grassroots International (MA) 91.65
World Hope International (VA) 92.92
Trickle Up (NY) 95.55
Water for Good, Inc. (IN) 86.36

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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

Shaiza Rizavi
Board Chair

CEO

Jacqueline Novogratz
Chief Executive Officer

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