Grameen America Inc
94% goes to programs $2 to raise $100 Strong reserves Growing revenue
Grameen America Inc is a 501(c)(3) organization based in New York, New York, registered in 2008, with $83,384,408 in FY2023 revenue. CharityIndex grades it A, and it directs about 94% of spending to programs.
276 5th Ave Rm 505, New York, NY, 10001 EIN 20-8497991 Since 2008
Revenue (FY2023)
$83.4M
▲ 79.7% vs prior year
Community median: $184K
Expenses (FY2023)
$32.9M
Net assets
$200.3M
Employees
376
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 rating94% to programs · $2 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 Grameen America Inc: 94% to programs · $2 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating73 mo reserves · +60% 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 Grameen America Inc: 73 mo reserves · +60% 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 Grameen America Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Grameen America Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Grameen america is dedicated to helping low income entrepreneurial women. (see schedule o)
Contact & location
- Address
- 276 5th Ave Rm 505, New York, NY, 10001
- City
- New York
- State
- New York
- Subcategory
- Economic Development
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $17.2M (FY2014) to $83.4M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $174.1MNet assets $200.3M
Operating margin
60.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$374.4M
Total liabilities
$174.1M
Net assets
$200.3M
Salaries & benefits
$20.2M
61% of expenses
Board members
15
14 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $83,384,408▲79.7% | $32,943,033▲16.4% | $200,296,615▲33.7% | $374,435,374▲34.3% | 990 |
| 2022 | $46,396,843▼7.7% | $28,290,820▲37.1% | $149,836,474▲13.8% | $278,769,129▲17.6% | 990 |
| 2021 | $50,248,348▼9.6% | $20,634,401▼4.9% | $131,657,218▲29.0% | $237,127,552▲16.5% | 990 |
| 2020 | $55,605,067▲26.4% | $21,693,035▲2.2% | $102,043,271▲47.7% | $203,595,580▲39.2% | 990 |
| 2019 | $43,999,887▲84.5% | $21,236,354▲32.2% | $69,110,942▲49.1% | $146,277,303▲41.2% | 990 |
| 2018 | $23,851,109▲17.3% | $16,060,634▲3.0% | $46,347,409▲20.2% | $103,579,636▲18.4% | 990 |
| 2017 | $20,335,128▲1.3% | $15,591,116▲2.5% | $38,556,934▲14.1% | $87,483,951▲13.8% | 990 |
| 2016 | $20,080,700▲11.6% | $15,205,736▲8.3% | $33,795,207▲11.0% | $76,884,038▲23.4% | 990 |
| 2015 | $17,995,639▲4.5% | $14,036,453▲28.8% | $30,458,123▲9.3% | $62,304,089▲36.8% | 990 |
| 2014 | $17,214,744 | $10,900,759 | $27,860,849 | $45,538,889 | 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: Andrea Jung — $628,494 (1.91% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Andrea Jung | President & Ceo | 37.5 | $628,494 |
| Lucas Ramirez | Cfo (as of 03/2023) | 39 | $316,109 |
| Patricia Choi | Chief Technology Officer | 40 | $277,430 |
| Diana Sacchi | Chief Human Resources Officer | 40 | $276,013 |
| Alethia Mendez | Division President | 40 | $241,908 |
| Jill Monum | Vp, Development & Marketing | 40 | $223,686 |
| Habib Chowdhury | Vp, National Operations | 40 | $222,986 |
| Marcus Berkowitz | Chief Product & Innovation Officer | 40 | $217,483 |
| Miriam Benitez Nieves | Sec. & Vp of Legal | 40 | $214,550 |
| Rajitha Swaminathan | Vp, Program Strategy & Member Svcs | 40 | $208,737 |
| David Gough | Exec Vp & Cfo (thru 03/2023) | 39 | $94,760 |
| Abdul Hai Khan | Director (thru 03/2023) | 0.5 | — |
| Adriana P Torres | Director (as of 06/2023) | 0.5 | — |
| Benjamin Farkas | Director | 0.5 | — |
| Jennifer R Jackson | Director | 0.5 | — |
| John F Megrue | Co-chair | 0.5 | — |
| Karen Pritzker | Director | 0.5 | — |
| Lori Dickerson Fouche | Director | 0.5 | — |
| Mahmoud Mamdani | Director | 0.5 | — |
| Maria C Alonso | Director (as of 06/2023) | 0.5 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Invar Technologies Inc | It Services | $1,190,243 |
| Endava Inc | It Services | $1,090,260 |
| Boston Consulting Group | Strategic Consulting | $375,000 |
| Grant Thornton LLP | Accounting Services | $133,308 |
Grants received · $90.1M total
121 grants to Grameen America Inc totaling $90.1M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Blackbaud Giving Fund | General support | 2024 | $100,000 |
| American Online Giving Foundation Inc | General support | 2024 | $55,870 |
| The Community Fdn of Middle Tn Inc | Provide 1st time support for your important mission-this support is designated for activities in memphis, tn | 2024 | $50,000 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $25,000 |
| Jewish Community Fdn of the Jewish Federation Council of Greater La | General support | 2024 | $25,000 |
| American Diabetes Association Inc | Education and development | 2024 | $20,000 |
| American Endowment Foundation | Community devel | 2024 | $13,500 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Community & human services | 2024 | $10,000 |
| Paypal Charitable Giving Fund | General support | 2024 | $7,066 |
| Blue Meridian Partners Inc | To support scaling plan | 2023 | $22,365,600 |
| National Philanthropic Tr | Education | 2023 | $5,000,000 |
| California Community Foundation | Economic opportunity | 2023 | $352,500 |
| Tides Foundation | Equity, human rights, and economic empowerment | 2023 | $215,000 |
| The Miami Foundation Inc | Program support | 2023 | $100,000 |
| American Online Giving Foundation Inc | General support | 2023 | $65,318 |
Grants made · $680K in FY2023
2 grants totaling $680K in FY2023. All grants made by Grameen America Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Grameen Primacare Inc | Program support | $530,000 |
| Rising Tide Capital Inc | Program support | $150,000 |
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Frequently asked questions
- Is Grameen America Inc a legitimate nonprofit?
- Yes. Grameen America Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-8497991, based in New York, New York. Donations are tax-deductible.
- What is Grameen America Inc's EIN?
- Grameen America Inc's Employer Identification Number (EIN) is 20-8497991.
- How much revenue does Grameen America Inc report?
- Grameen America Inc reported $83,384,408 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Grameen America Inc's spending goes to programs?
- Grameen America Inc spends about 94% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Grameen America Inc have?
- CharityIndex grades Grameen America Inc A, based on program efficiency and fundraising cost.
- How much does Grameen America Inc's highest-paid employee make?
- The highest reported compensation on Grameen America Inc's latest Form 990 is $628,494, paid to Andrea Jung (President & Ceo).
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Data for Grameen America Inc (EIN 20-8497991) 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.