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Acumen Fund INC

Public charity
Other · NEW YORK, NY · EIN 13-4166228

About

Acumen fund is solving problems of poverty by investing in companies, leaders and ideas. We invest patient capital in businesses that deliver critical, affordable goods and services to people living in poverty, improving the lives of millions in south ASIA, EAST and WEST africa, latin america and the united states. Since 2001, acumen fund has invested $185 million in 201 social enterprises working in resilient agriculture, education, energy access financial inclusion, health, housing, water and sanitation, and workforce development. Through acumen academy, we prepare leaders with the tools, capital and community they need to build scalable solutions to poverty. Our recently launched-learning engagement platform offers a full-service space for entrepreneurs and fellows to engage with each other. Acumen academy's has grown to more than 1800 fellows, has awarded 99 early-stage grants to foundry members and facilitated over 1.3 million online course sign-UPS. Through academy organizations and companies, we have reached 71 million lives impacted.

Donations are tax-deductible
Category
Other
Employees
140
Volunteers
12

Financial Snapshot

FY ending 2024-12-31
Revenue
$46.4M
Expenses
$34.2M
Assets
$217.5M
Liabilities
$13.4M

Financial history

$61.1M$30.6M$0
161718192021222324
RevenueExpenses
Latest FY2024: $46.4M · Peak FY2022: $61.1M · Avg: $38.9M

Foreign activity (Schedule F)

Total spent abroad$82.0M
Foreign employees124
Foreign offices6
Foreign partnership interestYes
Foreign trust interestNo
RegionActivitySpent
SOUTH ASIA
SUB-SAHARAN AFRICA
EUROPE
LATIN AMERICA
NORTH AMERICA
CENTRAL AMERICA AND THE CARIBBEAN
NORTH AMERICA
SUB-SAHARAN AFRICA
SOUTH ASIA
LATIN AMERICA
EUROPE
SOUTH ASIA
SUB-SAHARAN AFRICA
LATIN AMERICA
EUROPE
EAST ASIA AND THE PACIFIC
NORTH AMERICA

Political & Grant Activity

Campaign Spending
Lobbying
Grants Given
$7.0M
ACUMEN FUND INC
Your actions

Address

40 Worth ST RM 303
New YORK, NY, 10013-319

Governance

Voting board members12
Independent members11
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo

Fundraising activity (Schedule G)

Uses professional fundraisersYes
Net to org-$72K
Retained by contractors$72K
ChannelsEmail · In-person
Public records
ProPublica Nonprofit Explorer
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