Americares Foundation Inc
98% goes to programs $1 to raise $100 Growing revenue
Americares Foundation Inc is a 501(c)(3) organization based in Stamford, Connecticut, registered in 1979, with $1,998,093,447 in FY2023 revenue. CharityIndex grades it A, and it directs about 98% of spending to programs.
88 Hamilton Ave, Stamford, CT, 06902 EIN 06-1008595 Since 1979
Revenue (FY2023)
$2.0B
▲ 28.0% vs prior year
International median: $227K
Expenses (FY2023)
$2.0B
Net assets
$387.0M
Employees
270
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating98% to programs · $1 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 Americares Foundation Inc: 98% to programs · $1 to raise $100 earns a A+ on this criterion. See the exact thresholds →
BFinancial health25% of the rating2 mo reserves · +1% 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 Americares Foundation Inc: 2 mo reserves · +1% margin earns a B 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 Americares Foundation Inc: 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 Americares Foundation Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Americares is a health-focused relief & development organization. (see schedule o).
What they do
Emergency programs from july 2019 to june 2020, americares responded to 41 natural disasters and humanitarian crises in 29 countries, including the united states and three u.s. territories, with technical assistance, shipments of medicines and emergency supplies as well as preparedness, response and recovery projects. the covid-19 pandemic is among these. in february 2020, americares began responding to what was then an epidemic and, by june 30, the end of our fiscal year, americares had reached 13 countries with $12 million in aid to battle the declared pandemic. shipments included more than 3.5 million supplies, including critically needed ppe and disinfectants. in the united states, by june 30, americares support reached health centers, hospitals and frontline health workers in 36 states, the northern mariana islands and puerto rico. across all emergencies in fy20, americares emergency programs delivered nearly $42 million in emergency and disaster aid, including shipments of medicines and relief supplies as well as grants and direct programming estimated to reach 203,000 people. this included emergency preparedness programming in 15 u.s. states, one u.s. territory, el salvador and the philippines. americares comprehensive program to provide primary care services to venezuelan migrants and colombian returnees in colombia continued in fy20. americares partnered with ten public health facilities and, from august 2019 to august 2020, conducted 145,845 patient consultations, including 21,256 prenatal consultations and 24,220 mental health consultations between fixed facilities and mobile clinics. in addition, americares added a laboratory and ultrasound component to better support pregnant women. with the outbreak of covid-19, americares adapted to continue to meet the needs of patients and the community, providing ppe to staff and installing handwashing stations and providing safety information for patients. fy20 responses 1. bahamas: covid-19, hurricane dorian, hurricane matthew 2. bangladesh: rohingya refugee crisis 3. colombia: covid-19, venezuela regional crisis 4. democratic republic of the congo: ebola 5. dominica: hurricane maria recovery 6. dominican republic: covid-19 7. el salvador: covid-19, tropical storm amanda 8. haiti: covid-19 9. honduras: covid-19 10. india: covid-19, kerala floods, assam and bihar floods, cyclone amphan, cyclone bulbul, maharashtra and karnataka floods 11. indonesia: sulawesi earthquake and tsunami 12. jamaica: covid-19 13. jordan: syrian refugee crisis 14. lebanon: covid-19 15. malawi: covid-19, cyclone idai recovery 16. marshall islands: dengue outbreak 17. nepal: early monsoon rains 18. pakistan: earthquake 19. peru: covid-19, venezuela regional crisis 20. philippines: covid-19, dengue outbreak, taal volcanic eruption, earthquake, typhoon kammuri 21. samoa: measles outbreak 22. sierra leone: covid-19, landslide 23. st. lucia: covid-19 24. somalia: drought and nutrition crisis 25. syria: political conflict 26. tanzania: covid-19 27. united states and territories: arizona: covid-19 arkansas: demonstrations, central u.s. severe weather california: covid-19, ridgecrest earthquake, wildfires colorado: covid-19 connecticut: covid-19 delaware: covid-19 florida: covid-19, hurricane dorian, hepatitis a outbreak, hurricane michael recovery georgia: covid-19, hurricane dorian idaho: covid-19 illinois: covid-19 indiana: covid-19, water crisis louisiana: covid-19, cyclone barry massachusetts: covid-19 maryland: covid-19 michigan: covid-19, midland floods minnesota: covid-19 missouri: covid-19 mississippi: covid-19, southern u.s. flooding montana: covid-19 north carolina: covid-19 new hampshire: covid-19 new jersey: covid-19, newark potable water crisis new mexico: covid-19 nevada: covid-19 new york: covid-19 ohio: covid-19 oklahoma: covid-19, central u.s. severe weather oregon: covid-19 pennsylvania: covid-19 tennessee: covid-19, tornado texas: covid-19, rio grande flooding, tropical depression imelda,
Contact & location
- Address
- 88 Hamilton Ave, Stamford, CT, 06902
- City
- Stamford
- State
- Connecticut
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $560.2M (FY2013) to $2.0B (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $25.5MNet assets $387.0M
Operating margin
1.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$412.5M
Total liabilities
$25.5M
Net assets
$387.0M
Salaries & benefits
$44.6M
2% of expenses
Board members
22
21 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $1,998,093,447▲28.0% | $1,975,249,816▲30.6% | $386,951,670▲7.1% | $412,452,945▲8.5% | 990 |
| 2022 | $1,560,789,806▲13.8% | $1,512,856,382▲7.2% | $361,175,822▲16.2% | $380,165,817▲14.8% | 990 |
| 2021 | $1,371,372,637▲10.8% | $1,410,988,353▲9.9% | $310,749,290▼14.3% | $331,108,609▼13.0% | 990 |
| 2020 | $1,237,811,596▼14.1% | $1,283,525,179▲2.8% | $362,751,793▼11.0% | $380,390,119▼9.8% | 990 |
| 2019 | $1,440,750,357▲47.6% | $1,247,997,037▲15.8% | $407,403,535▲88.6% | $421,824,159▲86.5% | 990 |
| 2018 | $976,347,900▼6.5% | $1,077,689,775▼18.7% | $216,047,536▼32.0% | $226,198,365▼30.9% | 990 |
| 2017 | $1,044,709,662▼56.1% | $1,325,483,294▼31.2% | $317,909,899▼46.9% | $327,273,603▼46.2% | 990 |
| 2016 | $2,380,433,798▲160% | $1,927,303,882▲96.2% | $598,839,154▲313% | $607,900,396▲295% | 990 |
| 2015 | $915,733,646▲23.4% | $982,086,854▲53.3% | $144,882,600▼31.6% | $153,730,999▼30.4% | 990 |
| 2014 | $741,996,574▲32.4% | $640,530,535▲13.4% | $211,954,397▲90.3% | $220,882,959▲81.4% | 990 |
| 2013 | $560,246,100 | $564,795,170▼14.4% | $111,375,524▼3.3% | $121,747,672▼2.9% | 990 |
| 2012 | — | $660,160,492▲26.9% | $115,145,245▼24.9% | $125,441,206▼22.7% | 990 |
| 2011 | — | $520,101,183 | $153,335,638 | $162,225,980 | 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 (FY2023)
Highest-paid: Christine Squires — $574,695 (0.03% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Christine Squires | President/ceo | 40 | $574,695 |
| Elana Lopez | Chief People Officer | 40 | $328,266 |
| Jenny Goldstein | Svp & Chief Development Officer | 40 | $313,508 |
| Richard K Trowbridge Jr | Treasurer, Svp Operations, Cfo | 40 | $305,811 |
| Julie Varughese | Chief Medical Officer | 40 | $305,447 |
| Megin Wolfman | Svp, Chief Strategy Officer | 40 | $260,954 |
| Vishesh Jain | Deputy Svp, It and Admin | 40 | $246,957 |
| Joan Littlefield | Deputy Svp, Global Programs | 40 | $226,565 |
| Kisha Davis | Deputy Svp, Strategic Pships | 40 | $221,796 |
| Lyneisha Vaugh-perez | Vp, Finance, Planning & Grants | 40 | $217,494 |
| Yael Gottlieb | Director, 3rd Party Warehouses | 40 | $216,930 |
| Monica Barber | General Counsel | 40 | $194,454 |
| Jennifer M Naumann | Assistant Secretary | 40 | $84,667 |
| Erica Hill | Director | 1 | — |
| Jean-marc Laouchez | Director (as of 01/2024) | 1 | — |
| Jeffrey T Becker | Board Vice Chair | 1 | — |
| Katherine Close Md | Director | 1 | — |
| Kennedy Odede | Director | 1 | — |
| Marti Noxon | Director | 1 | — |
| Mehdi Mahmud | Director | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Rwt Production LLC | Printing and Mailing | $1,965,452 |
| Safeguard World International Ltd | Global Payroll/staffing | $1,662,090 |
| Geodis USA Inc | Transportation | $1,074,664 |
| The Harrington Agency LLC | Fundraising Counsel | $708,604 |
| Radiant Global Logistics Inc | Transportation | $486,957 |
Grants received · $103.7M total
409 grants to Americares Foundation Inc totaling $103.7M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Vitamin Angel Alliance Inc | Nutritional supplements | 2024 | $2,939,139 |
| American Online Giving Foundation Inc | General support | 2024 | $1,291,918 |
| Rural India Supporting Tr | Spirit of humanity fundraising | 2024 | $655,270 |
| Greater Cincinnati Foundation | Programatic support | 2024 | $466,712 |
| Greater Cincinnati Foundation | Programatic support | 2024 | $466,712 |
| The Bessemer Giving Fund | General support | 2024 | $203,500 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Community & human services | 2024 | $190,750 |
| American Endowment Foundation | Disaster relief | 2024 | $188,785 |
| Independent Charitable Gift Fund | General support | 2024 | $169,300 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $110,000 |
| The Blackbaud Giving Fund | General support | 2024 | $96,539 |
| Ayco Charitable Foundation | Community & human services | 2024 | $95,917 |
| National Christian Charitable Foundation | Humanitarian aid and development | 2024 | $82,950 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $80,000 |
| The New York Community Trust | For general support. | 2024 | $74,550 |
Grants made · $145.9M in FY2023
557 grants totaling $145.9M in FY2023 — showing the 15 largest. All grants made by Americares Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Agape Clinic | Ongoing | $6,190,309 |
| Mission Metroplex Inc | Ongoing | $5,993,179 |
| Union Gospel Mission of Yakima Wash | Ongoing | $4,847,168 |
| Palmetto Health Council Inc | Ongoing | $4,042,984 |
| Faith Community Pharmacy Inc | Ongoing | $3,881,053 |
| Universal Medical Institute Inc | Ongoing | $3,458,166 |
| Olathe Community Clinic Inc | Ongoing | $2,913,379 |
| Eunice Community Health Center | Ongoing | $2,780,771 |
| Americares Free Clinics Inc | Ongoing | $2,590,000 |
| Christian Medical Ministries | Ongoing | $2,403,653 |
| Greater Seacoast Community Health | Ongoing | $2,217,148 |
| The Texas International Institute of Health Professions | Ongoing | $1,974,310 |
| Medical Ministries Inc | Ongoing | $1,796,105 |
| Open Door Health Center Inc | Ongoing | $1,746,463 |
| University of Maryland St Joseph Foundation Inc | Ongoing | $1,723,436 |
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Frequently asked questions
- Is Americares Foundation Inc a legitimate nonprofit?
- Yes. Americares Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 06-1008595, based in Stamford, Connecticut. Donations are tax-deductible.
- What is Americares Foundation Inc's EIN?
- Americares Foundation Inc's Employer Identification Number (EIN) is 06-1008595.
- How much revenue does Americares Foundation Inc report?
- Americares Foundation Inc reported $1,998,093,447 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Americares Foundation Inc's spending goes to programs?
- Americares Foundation Inc spends about 98% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Americares Foundation Inc have?
- CharityIndex grades Americares Foundation Inc A, based on program efficiency and fundraising cost.
- How much does Americares Foundation Inc's highest-paid employee make?
- The highest reported compensation on Americares Foundation Inc's latest Form 990 is $574,695, paid to Christine Squires (President/ceo).
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Data for Americares Foundation Inc (EIN 06-1008595) 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.