Co-impact Philanthropic Funds Inc
92% goes to programs $1 to raise $100 Strong reserves Declining revenue
Co-impact Philanthropic Funds Inc is a 501(c)(3) organization based in New York, New York, registered in 2022, with $41,341,748 in FY2024 revenue. CharityIndex grades it C, and it directs about 92% of spending to programs.
1178 Broadway 3rd Floor 144, New York, NY, 10001 EIN 88-2408684 Since 2022
Revenue (FY2024)
$41.3M
▼ 88.5% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$84.9M
Net assets
$262.1M
Employees
46
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 →A+Program efficiency40% of the rating92% 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 Co-impact Philanthropic Funds Inc: 92% to programs · $1 to raise $100 earns a A+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating37 mo reserves · -105% 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 Co-impact Philanthropic Funds Inc: 37 mo reserves · -105% margin earns a F 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 Co-impact Philanthropic Funds 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 Co-impact Philanthropic Funds Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Philanthropic collaborative focused on improving lives through just & inclusive systems change.
What they do
Our gender fund, which pools funding from a globally diverse group of funding partners, is focused on transformative systems change, achieving people-level and systems-level outcomes, with an emphasis on elevating women's power, agency, and leadership at all levels. through this fund, we award flexible grants to organizations across africa, asia, and latin america; we awarded 34 grants in 2024 and are supporting over 100 initiatives overall. our grant recipients are working with powerful coalitions to effect change in such areas as early childhood development, social-emotional learning, care economy, maternal health, women's health, land rights and natural resource management, and women's leadership. in addition to providing grant funding, (see schedule o)co-impact also provides non-grant support to the organizations we are funding, including supporting organizational strengthening efforts.
Contact & location
- Address
- 1178 Broadway 3rd Floor 144, New York, NY, 10001
- City
- New York
- State
- New York
- Subcategory
- Public Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $75.0M (FY2022) to $41.3M (FY2024) across 3 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $10.8MNet assets $262.1M
Operating margin
-105.3%
Spent more than it raised in the latest fiscal year.
Total assets
$272.9M
Total liabilities
$10.8M
Net assets
$262.1M
Salaries & benefits
$8.9M
10% of expenses
Board members
11
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $41,341,748▼88.5% | $84,892,538▲15.0% | $262,090,995▼15.3% | $272,921,569▼14.2% | 990 |
| 2023 | $360,064,037▲380% | $73,834,767▲60.7% | $309,527,281▲966% | $318,248,255▲901% | 990 |
| 2022 | $75,000,000 | $45,957,649 | $29,042,351 | $31,800,505 | 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: Olivia Leland - Founder — $536,673 (0.63% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Olivia Leland - Founder | Ceo & Board Member (non-voting) | 40 | $536,673 |
| Pamela Foster | Chief Operating Officer/secretary | 40 | $422,898 |
| Anna-marie Harling - Managing | Director, Philanthropic Collab. | 40 | $311,390 |
| Yasmin Madan - Director | Us Lead, Philanthropic Collaboration | 40 | $248,616 |
| Varja Lipovsek | Dir., Learning, Meas. & Eval. | 40 | $245,414 |
| Abraham Grindle | Director, Programs | 40 | $223,368 |
| Shagun Sabarwal | Regional Director, Asia | 40 | $216,955 |
| Maria Alfonsina Penaloza | Dir. Prgms, Latin Am & Global | 40 | $214,414 |
| Mary Wandia Wanjiru | Regional Director, Africa | 40 | $210,233 |
| Vicky Hawk | Chief Financial Officer/treasurer | 40 | $205,741 |
| Ingrid Srinath | Board Vice-chair | 1 | $19,500 |
| Laura Garcia | Board Member | 1 | $15,000 |
| Maryana Iskander | Board Member | 1 | $10,000 |
| Hilary Pennington | Board Member (as of 05/2024) | 1 | $5,000 |
| Alessandra Orofino | Board Member (as of 11/2024) | 1 | — |
| Anita Zaidi | Board Member | 1 | — |
| Nicola Forrest Ao | Board Member | 1 | — |
| Patty Stonesifer | Board Chair | 1 | — |
| Raj Panjabi | Board Member (as of 05/2024) | 1 | — |
| Saadia Madsbjerg | Board Member (as of 05/2024) | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Tala Strategies Bv | Advisory and Facilitation Services | $382,642 |
| The Campbell Law Firm | Legal Services | $351,400 |
| Ventucom LLC | It Services | $170,808 |
| Gislaine Nguemmoe Ngounou | Consulting Services | $136,950 |
Grants received · $275.6M total
7 grants to Co-impact Philanthropic Funds Inc totaling $275.6M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| New Venture Fund | International development and foreign affairs | 2024 | $505,098 |
| The Seattle Foundation | To support a new partnership around women's health. | 2024 | $400,000 |
| New Venture Fund | International development and foreign affairs | 2023 | $206,163,272 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $5,000,000 |
| National Philanthropic Tr | Human services | 2023 | $3,000,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $500,000 |
| New Venture Fund | International development and foreign affairs | 2022 | $60,000,000 |
Grants made · $33.5M in FY2024
25 grants totaling $33.5M in FY2024 — showing the 15 largest. All grants made by Co-impact Philanthropic Funds Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| One Acre Fund | See part iv | $5,833,333 |
| New Venture Fund | See part iv | $5,522,990 |
| Dasra | See part iv | $3,885,900 |
| Lwala Community Alliance | See part iv | $3,100,000 |
| University of New Mexico Echo Institute | See part iv | $2,146,685 |
| Armman-usa | See part iv | $2,000,000 |
| New Venture Fund | See part iv | $1,693,095 |
| Arrow | See part iv | $1,050,000 |
| Last Mile Health | See part iv | $1,000,000 |
| Massachusetts Institute of Technology | See part iv | $966,475 |
| Id Insight Inc | See part iv | $894,000 |
| Planetread | See part iv | $883,386 |
| Aspire India Inc | See part iv | $590,000 |
| Center For Global Development | See part iv | $520,896 |
| Open Government Partnership Secretariat | See part iv | $500,000 |
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Frequently asked questions
- Is Co-impact Philanthropic Funds Inc a legitimate nonprofit?
- Yes. Co-impact Philanthropic Funds Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 88-2408684, based in New York, New York. Donations are tax-deductible.
- What is Co-impact Philanthropic Funds Inc's EIN?
- Co-impact Philanthropic Funds Inc's Employer Identification Number (EIN) is 88-2408684.
- How much revenue does Co-impact Philanthropic Funds Inc report?
- Co-impact Philanthropic Funds Inc reported $41,341,748 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Co-impact Philanthropic Funds Inc's spending goes to programs?
- Co-impact Philanthropic Funds Inc spends about 92% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Co-impact Philanthropic Funds Inc have?
- CharityIndex grades Co-impact Philanthropic Funds Inc C, based on program efficiency and fundraising cost.
- How much does Co-impact Philanthropic Funds Inc's highest-paid employee make?
- The highest reported compensation on Co-impact Philanthropic Funds Inc's latest Form 990 is $536,673, paid to Olivia Leland - Founder (Ceo & Board Member (non-voting)).
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Data for Co-impact Philanthropic Funds Inc (EIN 88-2408684) 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.