Analyzing Acumen Fund 990: Financial Insights and Outcomes
In the world of philanthropy, Acumen Fund has been recognized as a game-changer. They have been working towards creating a world beyond poverty by investing in businesses that serve the poor. For those who want to work in the field of social impact, Acumen Fund’s recently released 990 form is a gold mine of financial insights and outcomes. In this article, we will explore the details of the Acumen Fund 990 and its implications.
What is the Acumen Fund 990?
In the United States, nonprofit organizations have to file a tax return form called Form 990 with the IRS. This form provides comprehensive financial information about the organization, including their sources of revenue, expenses, and assets. It is publicly available, and anyone can access it. The Acumen Fund 990 provides valuable information about their operations, financial management, and governance.
Financial Insights
The Acumen Fund 990 provides a wealth of financial data that helps investors, donors, and other stakeholders understand their financial health. Here are some of the key financial insights that can be gleaned from their 990:
Revenue Sources
The Acumen Fund generates revenue from various sources, including grants, investments, and donations. The 990 provides a detailed breakdown of the sources and amounts of revenue. In 2020, Acumen Fund earned $106 million in revenue, of which $46 million was from grants, $46 million from investments, and $14 million from donations.
Expenses
The 990 offers a breakdown of the expenses incurred by the Acumen Fund. In 2020, Acumen Fund spent $70 million on program and operating expenses, including salaries, travel, and other costs associated with running their programs. Another $27 million went toward investment expenses, such as due diligence, monitoring, and management fees.
Outcomes
The Acumen Fund’s mission is to create a world beyond poverty by investing in innovative businesses that serve the poor. The 990 sheds light on their impact and outcomes, including:
Investments
The Acumen Fund invested in 37 companies across four continents in 2020, totaling $46 million. These investments created jobs, increased access to basic services like healthcare and education, and improved livelihoods for people living in poverty.
Social Impact
Acumen Fund’s portfolio companies impacted more than 270 million people in 2020. This was achieved through innovative solutions that address some of the most pressing global challenges, such as financial inclusion, energy access, and sustainable agriculture.
Conclusion
The Acumen Fund 990 provides valuable insights into their financial operations and social impact. It demonstrates the importance of transparency in the philanthropic sector and presents a valuable resource for those interested in social impact investing. Donors and investors interested in supporting Acumen Fund can use this information to make informed decisions. As the sector continues to grow, we can expect more 990s to be released, providing us with deeper insights into the world of impact investing.
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