Innovations For Poverty Action
- Assets
- $38.8m
- Revenue
- $54.9m
- Investments
- $0.0
- Employees
- 137
- Location
- Washington, DC
- Founding
- 09/2003
- Data as of
- 12/2022
- EIN
- 06-1660068
Organization Overview
Innovations For Poverty Action is located in Washington, DC. The organization was established in 2003. According to its NTEE Classification (V30) the organization is classified as: Interdisciplinary Research, under the broad grouping of Social Science and related organizations. As of 12/2022, Innovations For Poverty Action employed 137 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Innovations For Poverty Action is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Innovations For Poverty Action generated $54.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $49.3m during the year ending 12/2022. While expenses have increased by 1.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Innovations For Poverty Action has awarded 219 individual grants totaling $14,832,915. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
INNOVATIONS FOR POVERTY ACTION DISCOVERS AND PROMOTES EFFECTIVE SOLUTIONS TO GLOBAL POVERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: IPA PARTNERED WITH THE LEGO FOUNDATION AND MINISTRIES OF EDUCATION IN FIVE COUNTRIES TO ESTABLISH EMBEDDED EVIDENCE LABS AIMED AT IMPROVING EARLY LEARNING OUTCOMES FOR CHILDREN. THE PRIMARY OBJECTIVE IS TO ENHANCE THE USE OF DATA AND EVIDENCE FOR EDUCATION POLICY BY EMBEDDING TEAMS WITHIN THE MINISTRIES. THIS APPROACH FOSTERS A HORIZONTAL LEARNING PROCESS, ENABLING BOTH PARTIES TO LEARN FROM EACH OTHER WHILE SIMULTANEOUSLY BUILDING CAPACITY IN DATA AND EVIDENCE UTILIZATION.IN RWANDA, IPA AND THE GEORGETOWN UNIVERSITY INITIATIVE ON INNOVATION, DEVELOPMENT AND EVALUATION (GUI2 DE) HAVE ESTABLISHED AN EMBEDDED EVIDENCE LAB TO SUPPORT THE MINISTRY OF EDUCATION IN SCALING A SUCCESSFUL PAY-FOR-PERFORMANCE CONTRACT SCHEME. THE LAB'S CURRENT FOCUS IS ON SUPPORTING THE GOVERNMENT OF RWANDA'S NEW COMPREHENSIVE ASSESSMENT IN PUBLIC SCHOOLS, WHICH IS NECESSARY FOR AN EFFECTIVE SCALE-UP OF THE CONTRACT INITIATIVE. ITS BROADER VISION IS TO SERVE AS A CENTRAL HUB PROVIDING SERVICES RELATED TO DIVERSE EDUCATIONAL THEMES, ENGAGING WITH ACADEMICS, STRENGTHENING POLICY-ANALYTIC CAPABILITIES, AND FOSTERING ITERATIVE FEEDBACK LOOPS FOR POLICY DESIGN, EVALUATION, AND ADAPTATION. ULTIMATELY, THE EMBEDDED EVIDENCE LAB AIMS TO CREATE AN ENVIRONMENT WHERE DATA-DRIVEN DECISION-MAKING AND EVIDENCE-BASED PRACTICES LEAD TO IMPROVED LEARNING OUTCOMES FOR STUDENTS, MAKING A LASTING IMPACT ON EDUCATION POLICY.
ONE NOTABLE RCT CONDUCTED BY IPA IN PARTNERSHIP WITH RESEARCHERS MICHAEL KREMER AND EDWARD MIGUEL IN KENYA EXAMINED THE IMPACT OF A FREE DEWORMING PROGRAM FOR CHILDREN AT SCHOOLS. THE RESULTS WERE REMARKABLE. THE PROGRAM REDUCED SERIOUS WORM INFECTIONS BY 61 PERCENT AND EVEN HAD POSITIVE EFFECTS ON UNTREATED CHILDREN IN NEARBY AREAS (KNOWN AS SPILLOVER EFFECTS). THESE HEALTH IMPROVEMENTS TRANSLATED INTO SIGNIFICANT EDUCATIONAL BENEFITS, INCLUDING A 25 PERCENT REDUCTION IN SCHOOL ABSENTEEISM AND INCREASED ATTENDANCE IN SECONDARY SCHOOL, PARTICULARLY FOR GIRLS.
THE FINANCIAL INCLUSION PROGRAM SEEKS TO INFORM PROGRAMS THAT CAN ENSURE LOW-INCOME HOUSEHOLDS HAVE ACCESS TO AFFORDABLE AND SAFE SERVICES TO MANAGE THEIR FINANCIAL RESOURCES. IN 2022, IPA LAUNCHED AN EMBEDDED LAB AT THE CENTRAL BANK OF NIGERIA TO STRENGTHEN THE USE OF DATA AND EVIDENCE-BASED DECISION-MAKING WITHIN THE DEPARTMENT TO ENHANCE CONSUMER PROTECTION POLICIES AND PROGRAMS. IT ESTABLISHED THE FINANCIAL INCLUSION PROGRAM SCIENTIFIC ADVISOR GROUP AND THE INTEROPERABLE PAYMENT SYSTEMS GROUP AND CONVENED THE ANNUAL RESEARCHER GATHERING. IT COMPLETED A PROJECT IN INDONESIA AND LESOTHO ON WOMEN ENTREPRENEURS' ACCESS TO FINANCIAL SERVICES, WHICH INCLUDED WORKING DIRECTLY WITH FINANCIAL SERVICE PROVIDERS ON PROTOTYPING NEW PRODUCTS AND SERVICES BASED ON RIGOROUS EVIDENCE. IN ADDITION, IPA PUBLISHED FIVE FINANCIAL INCLUSION BRIEFS AND DEVELOPED AND LAUNCHED NEW PROJECTS IN BANGLADESH, THE PHILIPPINES, AND TANZANIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ankur Vora Director | Trustee | 3 | $0 |
Benjamin Appen Director | Trustee | 3 | $0 |
Cina Lawson Director | Trustee | 3 | $0 |
David Wells Director | Trustee | 3 | $0 |
Dean Karlan Founder & President (outgoing) | OfficerTrustee | 3 | $0 |
Heather Woodruff Grizzle Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clifton Larson Allen Llp Accounting | 12/30/21 | $125,333 |
Greylocke & Company Recruiting | 12/30/21 | $187,901 |
Greylocke & Company Recruiting | 12/30/21 | $187,901 |
Clifton Larson Allen Llp Accounting | 12/30/21 | $125,333 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,718,799 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,165,963 |
| Noncash contributions included in lines 1a–1f | $2,245 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,884,762 |
| Total Program Service Revenue | $56,435 |
| Investment income | $17,368 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,859,211 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,315,991 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,092,247 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,096,538 |
| Compensation of current officers, directors, key employees. | $1,090,851 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,043,440 |
| Pension plan accruals and contributions | $635,728 |
| Other employee benefits | $3,357,629 |
| Payroll taxes | $1,321,821 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $461,795 |
| Fees for services: Accounting | $399,209 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,627,414 |
| Advertising and promotion | $428,271 |
| Office expenses | $1,307,700 |
| Information technology | $1,112,405 |
| Royalties | $0 |
| Occupancy | $1,120,377 |
| Travel | $4,056,919 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $819,479 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $106,116 |
| Insurance | $262,428 |
| All other expenses | $302,350 |
| Total functional expenses | $49,275,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,456,771 |
| Savings and temporary cash investments | $5,409,139 |
| Pledges and grants receivable | $4,687,552 |
| Accounts receivable, net | $11,827,345 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $254,511 |
| Prepaid expenses and deferred charges | $996,095 |
| Net Land, buildings, and equipment | $373,920 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $825,950 |
| Total assets | $38,831,283 |
| Accounts payable and accrued expenses | $4,562,090 |
| Grants payable | $0 |
| Deferred revenue | $22,056,105 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $354,390 |
| Total liabilities | $26,972,585 |
| Net assets without donor restrictions | $6,981,146 |
| Net assets with donor restrictions | $4,877,552 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $38,831,283 |
Grants Awarded
Over the last fiscal year, Innovations For Poverty Action has awarded $1,308,815 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
CARNEGIE MELLON UNIVERSITY PURPOSE: SEME - LEARNING CRISIS | $129,135 |
CENTER FOR GLOBAL DEVELOPMENT PURPOSE: MICROENTERPRISE SUPPORT TO ASSIMILATE REFUGEES IN UGANDA | $21,001 |
COMMUNITY PARTNERS INTERNATIONAL PURPOSE: MENTAL HEALTH & PSYCHOSOCIAL SUPPORT SERVICES (MHPSS) IN MYANMAR | $295,278 |
DUKE UNIVERSITY PURPOSE: REAL MAN CHALLENGE PERU | $31,741 |
ELEISON FOUNDATION PURPOSE: ELEISON FOUNDATION (PHILIPPINES) | $14,619 |
END MODERN SLAVERY INITIATIVE FOUND PURPOSE: GFEMS (INDIA) | $118,473 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Innovations For Poverty Action Washington, DC | $38,831,283 | $54,859,211 |
American Society Of Overseas Research Alexandria, VA | $7,305,829 | $2,282,373 |
Institute For Progress Washington, DC | $1,531,455 | $970,114 |
Community Cooperative Washington, DC | $953,080 | $1,112,750 |
Foundation For Chemistry Research And Initiatives Washington, DC | $4,229,565 | $1,779,208 |
Consortium Of Social Science Associations Washington, DC | $960,135 | $611,014 |
International Aloe Science Council Inc Silver Spring, MD | $111,782 | $423,395 |
Korean American Education Foundation Laurel, MD | $1,019,629 | $146,641 |
National Association Of Multicultural Education Washington, DC | $403,177 | $136,692 |
North American Regional Science Council Inc Reston, VA | $428,200 | $129,367 |
Alalay Foundation Inc Falls Church, VA | $40,781 | $48,000 |
Terror Free Tomorrow Washington, DC | $0 | $20,274 |
J C Watts Foundation Inc Washington, DC | $2,084 | $7,100 |