Accion International
66% goes to programs $25 to raise $100 Strong reserves Declining revenue
Accion International is a 501(c)(3) organization based in Washington, District of Columbia, registered in 1965, with $23,763,541 in FY2024 revenue. CharityIndex grades it C+, and it directs about 66% of spending to programs.
1101 15th St Nw Ste 400, Washington, DC, 20005 EIN 13-2535763 Since 1965
Revenue (FY2024)
$23.8M
▼ 30.0% vs prior year
International median: $227K
Expenses (FY2024)
$33.1M
Net assets
$303.8M
Employees
106
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →BProgram efficiency40% of the rating66% to programs · $25 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Accion International: 66% to programs · $25 to raise $100 earns a B on this criterion. See the exact thresholds →
DFinancial health25% of the rating110 mo reserves · -39% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Accion International: 110 mo reserves · -39% margin earns a D on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Accion International: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Accion International: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Accion is a global nonprofit on a mission to create a fair and inclusive economy. we are a leading early-stage investor in fintech for inclusion and experts in the digital transformation of financial service providers, with decades of experience harnessing the capital markets to enable underserved people to improve their lives. we work to develop and scale cheaper, more accessible and customer-friendly financial solutions for underserved people globally
What they do
See schedule oinvestment strategies: at accion, we know financial services are powerful tools to help reduce poverty and create opportunity. we find and help build innovative companies with the potential to reach large numbers of underserved people and accelerate their growth by investing capital and providing strategic governance and advice. we focus on social impact, driving systems-level change. we make equity and quasi-equity investments from pre-seed to growth-stage and prioritize investments in south and southeast asia, latin america, sub-saharan africa, and the united states. in 2024, accion continued to support its partners to digitize and scale operations so they can serve vulnerable clients in a rapidly digitizing world.
See schedule ocenter for financial inclusion: launched in 2008, the center for financial inclusion (cfi) is an independent global think tank housed at accion that uses rigorous research and advocacy to advance inclusive financial systems for low-income people around the world. it leverages partnerships to conduct research, test promising solutions, and then advocate for evidence-based change. cfi conducts research related to its four strategic priorities: consumer protection, data risks and opportunities, women's financial inclusion, and financial services to mitigate and adapt to climate change. cfi hosts financial inclusion week, an annual virtual event that in 2024 convened more than 3,000 policy experts, financial service providers, analysts, and industry leaders to discuss the most pressing topics in the inclusive finance sector. in 2024, cfi convened the responsible finance forum (rff) in fortaleza, brazil, bringing together global stakeholders to share ideas, research, and solutions on emerging consumer risks in inclusive finance.
Education and communication: accion's communications focus on the transformative power of financial inclusion to accelerate social and economic progress for underserved communities around the world. in 2024, accion showcased the importance of digital financial solutions for entrepreneurs and innovation through client-focused storytelling, along with papers, toolkits, and case studies promoting ways of better meeting the needs of the 1.6 billion people who are left out or poorly served by the global financial system.
Contact & location
- Address
- 1101 15th St Nw Ste 400, Washington, DC, 20005
- City
- Washington
- State
- District of Columbia
- Subcategory
- International Development & Relief
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $39.9M (FY2013) to $23.8M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $6.7MNet assets $303.8M
Operating margin
-39.4%
Spent more than it raised in the latest fiscal year.
Total assets
$310.5M
Total liabilities
$6.7M
Net assets
$303.8M
Salaries & benefits
$18.3M
55% of expenses
Board members
17
17 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $23,763,541▼30.0% | $33,127,519▲6.1% | $303,787,958▼17.0% | $310,500,603▼16.7% | 990 |
| 2023 | $33,965,389▲30.0% | $31,225,710▲1.3% | $366,008,866▼10.3% | $372,785,749▼12.7% | 990 |
| 2022 | $26,132,981▼46.9% | $30,828,074▼6.4% | $407,961,896▼9.3% | $427,090,566▼9.2% | 990 |
| 2021 | $49,203,290▲904% | $32,918,962▲17.1% | $449,773,218▲17.8% | $470,473,891▲21.7% | 990 |
| 2020 | $4,901,116▼82.3% | $28,112,804▼6.6% | $381,838,394▲2.7% | $386,472,102▲2.5% | 990 |
| 2019 | $27,715,494▲26.8% | $30,104,871▲1.3% | $371,785,856▲18.7% | $376,902,980▲18.6% | 990 |
| 2018 | $21,865,551▼12.5% | $29,718,453▲5.8% | $313,166,287▼5.6% | $317,726,550▼7.9% | 990 |
| 2017 | $24,997,012▼38.8% | $28,099,141▼7.2% | $331,700,024▼6.9% | $344,885,942▼4.9% | 990 |
| 2016 | $40,829,047▲20.1% | $30,276,113▼19.5% | $356,365,245▼1.6% | $362,537,518▼2.6% | 990 |
| 2015 | $33,988,236▼54.9% | $37,593,599▲1.2% | $361,983,450▼3.8% | $372,287,490▼4.0% | 990 |
| 2014 | $75,281,212▲88.5% | $37,159,382▲7.6% | $376,467,625▲10.6% | $387,833,801▲9.1% | 990 |
| 2013 | $39,938,426 | $34,541,373▲4.5% | $340,400,248▲9.4% | $355,572,824▲9.0% | 990 |
| 2012 | — | $33,044,453▲13.1% | $311,127,137▼1.9% | $326,304,960▲0.2% | 990 |
| 2011 | — | $29,218,418▲2.6% | $317,103,578▼23.6% | $325,647,440▼23.2% | 990 |
| 2010 | — | $28,478,408 | $414,828,834 | $423,755,108 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Michael Schlein — $717,650 (2.17% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michael Schlein | Ceo | 50 | $717,650 |
| Esteban Altschul | Coo (thru 04/30/24) | 50 | $646,815 |
| Livingston Parsons III | Cfo (thru 09/30/24) | 50 | $561,450 |
| John Fischer | Cio | 50 | $421,544 |
| Victoria White | Senior Vp | 50 | $333,492 |
| Karthik Venkataraman | Coo (as of 05/01/24) | 50 | $326,987 |
| Maria Hermida | Asst. Sec & General Counsel | 50 | $324,124 |
| Brandie Conforti | Senior Vp | 50 | $311,130 |
| Melissa Baez | Senior Vp | 50 | $292,635 |
| Chris Coxon | Senior Vp | 50 | $280,773 |
| Natasa Goronja | Senior Vp | 50 | $249,645 |
| Ramon Soto | Vp | 50 | $220,847 |
| Ellen Bauer | Assistant Secretary | 50 | $110,570 |
| Paulo Silva | Cfo (as of 10/01/24) | 50 | $75,120 |
| Amee Parbhoo | Senior Vp | 0 | $27,361 |
| Barbara Lucas | Vice Chair | 6 | — |
| Beth Hurvitz | Director | 1 | — |
| Beverly Anderson | Director | 1 | — |
| Bob Annibale | Director | 1 | — |
| Diana Taylor | Chair | 6 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Acccion Impact Management | Portfolio Management | $775,962 |
| Multicultural Insights | Consultancy Services | $410,260 |
| Grant Thornton LLP | Audit Services | $224,000 |
| Dialog Concepts Inc | Professional Services | $187,175 |
| Bpm LLP | Consultancy Services | $181,538 |
Grants received · $19.7M total
128 grants to Accion International totaling $19.7M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $300,000 |
| Rockefeller Philanthropy Advisors Inc | Employment & financial inclusion | 2024 | $150,000 |
| American Online Giving Foundation Inc | General support | 2024 | $17,947 |
| Impactassets Inc | General support | 2024 | $10,500 |
| American Endowment Foundation | Human service | 2024 | $10,000 |
| Ayco Charitable Foundation | Community & human services | 2024 | $10,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $5,000 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2023 | $280,000 |
| National Philanthropic Tr | International | 2023 | $222,500 |
| Donor Advised Charitable Giving | International, foreign affairs | 2023 | $153,550 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $124,308 |
| American Online Giving Foundation Inc | General support | 2023 | $84,605 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $15,000 |
| Impactassets Inc | General support | 2023 | $10,500 |
| American Endowment Foundation | Human service | 2023 | $10,250 |
Grants made · $724K in FY2024
1 grant totaling $724K in FY2024. All grants made by Accion International →
| Recipient | Purpose | Amount |
|---|---|---|
| Accion Impact Management LLC | Program assistance | $724,204 |
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Frequently asked questions
- Is Accion International a legitimate nonprofit?
- Yes. Accion International is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-2535763, based in Washington, District of Columbia. Donations are tax-deductible.
- What is Accion International's EIN?
- Accion International's Employer Identification Number (EIN) is 13-2535763.
- How much revenue does Accion International report?
- Accion International reported $23,763,541 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Accion International's spending goes to programs?
- Accion International spends about 66% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Accion International have?
- CharityIndex grades Accion International C+, based on program efficiency and fundraising cost.
- How much does Accion International's highest-paid employee make?
- The highest reported compensation on Accion International's latest Form 990 is $717,650, paid to Michael Schlein (Ceo).
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Explore more
Data for Accion International (EIN 13-2535763) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.