Givedirectly Inc
- Assets
- $240.0m
- Revenue
- $175.7m
- Investments
- $60.6m
- Employees
- 102
- Location
- New York, NY
- Founding
- 03/2010
- Data as of
- 12/2022
- EIN
- 27-1661997
Organization Overview
Givedirectly Inc is located in New York, NY. The organization was established in 2010. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2022, Givedirectly Inc employed 102 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Givedirectly Inc 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, Givedirectly Inc generated $175.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $261.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO REDUCE POVERTY BY PROVIDING FINANCIAL ASSISTANCE DIRECTLY TO THOSE IN NEED.
Describe the Organization's Program Activity:
GIVEDIRECTLY OFFERS A SERVICE ALLOWING OTHERS - GOVERNMENTS, FOUNDATIONS, INDIVIDUAL DONORS - TO PROVIDE DIRECT CASH TRANSFERS, TO THOSE IN NEED. THE ORGANIZATION'S PROPRIETARY MODEL RE-ENGINEERS FIELDWORK FOR THE DIGITAL ERA, ALLOWING IT TO COMPLETE THESE TRANSFERS SECURELY, EFFICIENTLY AND TRANSPARENTLY. USING THE LATEST TECHNOLOGY AT EVERY STEP, GIVEDIRECTLY LOCATES RECIPIENTS, INTEGRATES THEM INTO ELECTRONIC PAYMENTS NETWORKS, AND MONITORS TRANSFERS END-TO-END. THE ORGANIZATION CHARGES DONORS THE FULL COST OF DELIVERING THIS SERVICE. SINCE 2009, GIVE DIRECTLY HAS REACHED MORE THAN 1M RECIPIENTS IN 11 COUNTRIES.IN 2022, GIVEDIRECTLY DELIVERED OVER $146M TO OVER 334K HOUSEHOLDS IN 11 COUNTRIES, INCLUDING TWO NEW COUNTRIES (NIGERIA AND YEMEN) ACROSS 27 DIFFERENT PROGRAMS. WE DELIVERED MORE MONEY DIRECTLY TO PEOPLE IN POVERTY IN AFRICA IN 2022 THAN ANY YEAR PRIOR. GIVEDIRECTLY HELPED FAMILIES ACROSS 5 COUNTRIES ADAPT TO CLIMATE CHANGE THROUGH TARGETED CASH PROGRAMMING TO IMPROVE RESILIENCE AND SAFETY. WE PROVIDED TECHNICAL SUPPORT TO THE SOCIAL FUND OF THE DRC'S COVID-19 RELIEF EFFORT THROUGH AN ALTERNATIVE APPROACH THAT USES THE LATEST IN DATA SCIENCE (INCLUDING MACHINE LEARNING WHERE APPROPRIATE) AND DIGITAL PAYMENTS TECHNOLOGY TO REMOTELY IDENTIFY, ENROLL, AND PAY PEOPLE LIVING IN EXTREME POVERTY AT UNPRECEDENTED SPEED AND SCALE. WE HELPED LAUNCH 3 OF THE 10 LARGEST GUARANTEED INCOME PROGRAMS IN THE UNITED STATES. IN ADDITION, WE EXECUTED A SWIFT RESPONSE TO HURRICANES IAN AND FIONA, ENSURING THAT AFFECTED FAMILIES RECEIVED FINANCIAL SUPPORT WITHIN A 48-HOUR TIMEFRAME UPON ENROLLMENT. AS PART OF OUR ONGOING COMMITMENT TO RESEARCH AND DEVELOPMENT, WE SUCCESSFULLY LAUNCHED OUR 20TH RANDOMIZED CONTROLLED TRIAL, INCLUDING FIVE STUDIES CONDUCTED IN 2022. THE RESULTS FROM THESE STUDIES REVEALED SIGNIFICANT POSITIVE IMPACTS ON RESILIENCE, INVESTMENTS, INCOME, AND ASSETS WITHIN OUR CASH TRANSFER PROGRAMS SPANNING LIBERIA, MALAWI AND UGANDA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Faye President Until 08/2022; Exec. Chair From 09/2022 | OfficerTrustee | 30 | $279,333 |
Aly Jeddy Chair | OfficerTrustee | 1 | $0 |
Rohit Wanchoo Treasurer | OfficerTrustee | 1 | $0 |
Jacquelline Fuller Director | Trustee | 1 | $0 |
Paul Niehaus Director | Trustee | 1 | $0 |
Joseph Huston Managing Director | Officer | 40 | $487,915 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Segovia Technology Payment Gateways | 12/30/22 | $741,096 |
Aidkit Payment Gateways | 12/30/22 | $1,160,115 |
The Regents Of The University Of Califor Data Analysis | 12/30/22 | $236,386 |
Salesforce Software | 12/30/22 | $363,060 |
Wework Shared Workspace | 12/30/22 | $246,408 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $13,065 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $72,410,343 |
| All other contributions, gifts, grants, and similar amounts not included above | $95,583,397 |
| Noncash contributions included in lines 1a–1f | $6,979,981 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $168,006,805 |
| Total Program Service Revenue | $0 |
| Investment income | $1,929,056 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$723,771 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $175,713,344 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $80,931,771 |
| Grants and other assistance to Foreign Orgs/Individuals | $136,102,700 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,485,508 |
| Compensation of current officers, directors, key employees. | $1,173,252 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,668,596 |
| Pension plan accruals and contributions | $30,233 |
| Other employee benefits | $2,402,801 |
| Payroll taxes | $1,643,677 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $213,033 |
| Fees for services: Accounting | $228,328 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $165,570 |
| Fees for services: Other | $4,447,768 |
| Advertising and promotion | $170,958 |
| Office expenses | $1,432,910 |
| Information technology | $2,500,778 |
| Royalties | $0 |
| Occupancy | $1,178,052 |
| Travel | $3,868,379 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $363,278 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $279,399 |
| Insurance | $173,182 |
| All other expenses | $0 |
| Total functional expenses | $261,307,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,721,370 |
| Savings and temporary cash investments | $39,307,228 |
| Pledges and grants receivable | $4,152,014 |
| Accounts receivable, net | $48,496,943 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,249,133 |
| Prepaid expenses and deferred charges | $913,644 |
| Net Land, buildings, and equipment | $244,029 |
| Investments—publicly traded securities | $4,783,368 |
| Investments—other securities | $60,602,168 |
| Investments—program-related | $0 |
| Intangible assets | $347,323 |
| Other assets | $5,222,313 |
| Total assets | $240,039,533 |
| Accounts payable and accrued expenses | $3,323,591 |
| Grants payable | $121,829,037 |
| Deferred revenue | $1,071,196 |
| 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 | $0 |
| Total liabilities | $126,223,824 |
| Net assets without donor restrictions | $93,706,161 |
| Net assets with donor restrictions | $20,109,548 |
| 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 | $240,039,533 |
Grants Awarded
Over the last fiscal year, Givedirectly Inc has awarded $99,465 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SHINING HOPE FOR COMMUNITIES PURPOSE: PROVIDE LIVELIHOOD ASSISTANCE TO WOMEN IN PARTS OF NAIROBI | $55,000 |
CENTER FOR EFFECTIVE GLOBAL ACTION (UC BERKELEY) PURPOSE: USING CEGA'S TECHNOLOGY, DISCOVER MORE EFFECTIVE AND IMPACTFUL WAS TO IDENTIFY RECIPIENTS | $44,465 |