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International : Development and Relief Services

Grameen Foundation USA

Empowering people. Changing lives. Innovating for the world's poor.

three stars

84.82

1400 K Street, NW Suite 550
Washington, DC 20005
tel: (202) 628-3560   Web Site
EIN: 73-1502797

Board Leadership
Robert Eichfeld
Chair

CEO
Steve Hollingworth
President and CEO

  Score
(out of 100)
Rating
Overall Score & Rating 84.82 three stars
  Financial 78.54 two stars
  Accountability & Transparency 100.00 four stars
This rating was published 10/01/2017 and includes data from FY2016, the most recent 990 received at that time.

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

Financial

two stars

78.54

Accountability & Transparency

four stars

100.00

This rating was published 10/01/2017 and includes data from FY2016, 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)
79.9%
  Administrative Expenses 18.8%
  Fundraising Expenses 1.1%
  Fundraising Efficiency < $0.01
  Working Capital Ratio (years) 0.43
  Program Expenses Growth -4.5%
  Liabilities to Assets 19.7%
All data for Financial Performance Metrics calculations was provided by Grameen Foundation USA on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Grameen Foundation USA on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Grameen Foundation USA (DC) 84.82 three stars
World Neighbors (OK) 91.74 four stars
American India Foundation (NY) 85.78 three stars
CHOICE Humanitarian (UT) 93.98 four stars
ECHO (FL) 91.32 four stars

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Grameen Foundation (GF) USA supports technology and microfinance, commonly known as banking for the poor. Microfinance provides small loans, savings, and other financial services so poor people can launch businesses. As an entrepreneur's business grows, so does her self-esteem, her family's well-being, and jobs in her community. GF was founded in 1997 by individuals inspired by Muhammad Yunus and Grameen Bank, Nobel Peace Prize laureates. Our mission is to enable the poor, especially the poorest, to create a world without poverty. GF's work has helped families across Africa, the Americas, Asia and the Middle East.

REVENUE  
Contributions  
   Contributions, Gifts & Grants $10,043,157
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $1,356,400
Total Contributions $11,399,557
   Program Service Revenue $2,468,933
Total Primary Revenue $13,868,490
   Other Revenue $401,561
TOTAL REVENUE $14,270,051
   
EXPENSES  
   Program Expenses $14,114,234
   Administrative Expenses $3,904,505
   Fundraising Expenses $242,106
TOTAL FUNCTIONAL EXPENSES $18,260,845
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-3,990,794
   
Net Assets $8,978,137

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
Information Access $7,774,655 55.1%
Financial Services $3,481,324 24.7%
Poverty Tools $2,065,833 14.6%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2016-03 10/01/2017 84.82 three stars
2015-03 06/01/2016 89.35 three stars
 
CN 2.0
2014-03 09/01/2015 85.99 three stars
2013-03 07/01/2014 90.17 four stars
2012-03 04/01/2013 88.52 three stars
2011-03 05/01/2012 92.97 four stars
2010-03 09/20/2011 96.77 four stars
 
CN 1.0
2010-03 03/01/2011 95.43 four stars
2008-03 02/01/2009 98.35 four stars
2006-12 03/01/2008 89.25 three stars
2005-12 02/01/2007 89.25 three stars
2004-12 02/01/2006 94.57 four stars
2003-12 12/01/2004 93.37 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 73-1502797
Name in IRS Master File GRAMEEN FOUNDATION USA
NTEE Code Q30
NTEE Classification International Development, Relief Services
NTEE Type International, Foreign Affairs and National Security
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (994) Described in section 170(b)1)(a)(vi) of the Code
(560) Supplying money, goods or services to the poor
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 December, 1996
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End March
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • March, 2016
  • March, 2015
  • March, 2014
  • March, 2013
  • March, 2012

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
$198,381 1.08% David Edelstein Interim President
Other Salaries of Note
$173,596 0.95% Alexander Counts President, CEO

Grameen Foundation (GF) USA supports technology and microfinance, commonly known as banking for the poor. Microfinance provides small loans, savings, and other financial services so poor people can launch businesses. As an entrepreneur's business grows, so does her self-esteem, her family's well-being, and jobs in her community. GF was founded in 1997 by individuals inspired by Muhammad Yunus and Grameen Bank, Nobel Peace Prize laureates. Our mission is to enable the poor, especially the poorest, to create a world without poverty. GF's work has helped families across Africa, the Americas, Asia and the Middle East.

Highly Rated

Charity Name & State Overall Score Overall Rating
Grameen Foundation USA (DC) 84.82 three stars
Bnai Zion Foundation (NY) 90.56 four stars
World Hope International (VA) 92.38 four stars
Christian Freedom International (VA) 89.04 three stars
Village Enterprise (CA) 90.39 four stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Grameen Foundation USA
1400 K Street, NW
Suite 550
Washington, DC 20005
tel: (202) 628-3560
fax: (202) 628-2341
EIN: 73-1502797

Visit Web Site

Board Leadership

Robert Eichfeld
Chair

CEO

Steve Hollingworth
President and CEO

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