Innovations for Poverty Action
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Innovations for Poverty Action meets the 20 Standards for Charity Accountability.
Stated Purpose:
"to discover and advance what works to improve the lives of people living in poverty."
Year, State Incorporated:
2002, NJ
Innovations for Poverty Action (IPA) brings together researchers and decision-makers to design, evaluate, and refine solutions to global poverty problems and their applications, aiming to ensure that the evidence created is used to improve the lives of the world's poor. In 2022, IPA reports that it worked with a lead research team and a coalition of partners to test and scale up the NORM model, an evidence-based approach to increase mask-wearing during the COVID-19 pandemic, to over 100 million people in South Asia. The Novissi program in Togo, supported by IPA, used satellite imagery, phone metadata, and AI, to strengthen the targeting of a cash transfer program to over 130,000 people in response to COVID. Police in Mexico incorporated evidence from a randomized evaluation of a procedural justice training led by IPA and researchers into training strategies for approximately 80,000 police officers. The organization advanced its commitments to diversity, equity, and inclusion to advance locally grounded research and support scholars conducting development research in the countries where IPA works. This was achieved by signing Memorandums of Understanding with 15 universities in Africa and hosting a physical matchmaking event in Kenya to drive locally-grounded research through partnerships and networks.
For the year ended December 31, 2022, Innovations for Poverty Action's program expenses were:
Program services: $38,251,054
Total Program Expenses: $38,251,054
Chief Executive
Annie Duflo, Executive Director
Compensation*
$284,339
Chair of the Board
Russell Siegelman
Chair's Profession / Business Affiliation
Lecturer, Stanford Graduate School of Business
Board Size
14
Paid Staff Size
1305
*2022 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Note: In 2022, the highest paid employee was Eric Fullilove, Chief Financial Officer, who received $284,626 in compensation.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Direct mail appeals, Radio
Fundraising costs were 2% of related contributions. (Related contributions, which totaled $43,715,221, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Innovations for Poverty Action's audited financial statements for the year ended December 31, 2022.
Source of Funds
| Contracts | $10,169,541 |
| Grants | $30,852,221 |
| Consultancy and other income | $941,483 |
| Contributions | $12,821,360 |
| Paycheck Protection Program grant | $41,640 |
| Total Income | $54,826,245 |
Programs: 78% Fundraising: 2% Administrative: 21%
| Total Income | $54,826,245 |
| Total expenses: | $49,275,784 |
| Program expenses | $38,251,054 |
| Fundraising expenses | $786,730 |
| Administrative expenses | $10,238,000 |
| Other expenses | $0 |
| Income in Excess of Expenses | $5,550,461 |
| Beginning Net Assets | $6,627,182 |
| Other Changes In Net Assets | $-318,945 |
| Ending Net Assets | $11,858,698 |
| Total Liabilities | $26,972,585 |
| Total Assets | $38,831,283 |
Note: In the financial section, "other changes in net assets" refers to a foreign currency translation adjustment.
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB Wise Giving Alliance