Overview
What is Accion International?
Accion International is a nonprofit organization committed to enhancing the lives of underserved individuals by providing them with innovative financial solutions. Based on the provided information, Accion's primary goal is to deliver financial tools aimed at improving people's livelihoods. The organization focuses on building responsible and effective financial services. Although the description mentions "SEE SCHEDULE O" and "missionDesc" with no further context, these elements do not seem to be crucial for answering the question in a summary format. Therefore, the given information is sufficient to describe Accion International as a nonprofit dedicated to empowering underserved populations through financial services.
Official website here: www.accion.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star Rating)
Accion International has achieved an exemplary rating of 100%, reflecting its strong accountability and financial practices. The organization has a solid independent board, rigorous financial oversight, and no reported material diversion of assets. With a program expense ratio of 74.47%, it demonstrates a commitment to utilizing funds primarily for its mission-related activities.
User reviews highlight Accion's effective approach to helping low-income individuals gain access to financial services through small loans. Supporters appreciate the charity's strategic investments in microfinance institutions, which have allowed them to expand their reach and impact. Over the years, Accion has established a robust network of partnerships that contribute to its mission of financial inclusion across multiple countries.
However, some criticism has emerged regarding the organization’s financial management. Certain reviewers have flagged high unrestricted net assets in comparison to its budget, raising concerns about the allocation of funds. Additionally, there are claims that a significant portion of Accion's assets is tied to investments in for-profit entities, leading to skepticism about its commitment to charitable goals. Despite these critiques, the overall consensus remains positive regarding Accion's effectiveness in microfinance and its long-term contributions to poverty alleviation.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Accion International legitimate?
Accion International is a legitimate nonprofit organization registered as a 501(c)(3) entity. Accion International submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $4,655,895
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,982,740
For more financial information, click here
Official website here: www.accion.org
What is the mission statement of Accion International?
Accion International aims to enhance the lives of underprivileged individuals by creating innovative and responsible financial solutions. The organization's mission is geared towards providing people with the necessary financial tools for improvement. In essence, Accion's primary goal is to make a positive impact on the lives of those who are often overlooked. By offering effective financial solutions, Accion aspires to contribute to the overall well-being and self-sufficiency of the communities it serves.
Official website here: www.accion.org
Who is the CEO of Accion International?
Michael Schlein is the CEO of Accion International The CEO's salary of Accion International is $560,705 and their total compensation is $597,531.
Official website here: www.accion.org
What is the revenue of Accion International?
Accion International's revenue in 2023 was $33,965,389.
Official website here: www.accion.org
Who are the executives of Accion International and what are their salaries?
The average compensation at Accion International during 2023 was $128,409. There are 114 employees and 3 volunteers at Accion International.
Here are 32 key members and their salaries (Accion International's CEO's salary is $560,705 and their total compensation is $597,531):
- Compensation: $621,412
- Related: $0
- Other: $75,711
- Compensation: $560,705
- Related: $0
- Other: $36,826
- Compensation: $358,721
- Related: $0
- Other: $51,408
- Compensation: $363,269
- Related: $0
- Other: $30,643
- Compensation: $0
- Related: $298,767
- Other: $51,663
- Compensation: $91,169
- Related: $212,934
- Other: $38,471
- Compensation: $279,365
- Related: $0
- Other: $56,212
- Compensation: $270,873
- Related: $0
- Other: $57,364
- Compensation: $285,027
- Related: $0
- Other: $23,472
- Compensation: $249,297
- Related: $0
- Other: $45,307
- Compensation: $262,698
- Related: $0
- Other: $0
- Compensation: $262,698
- Related: $0
- Other: $0
- Compensation: $207,919
- Related: $0
- Other: $25,666
- Compensation: $98,066
- Related: $0
- Other: $19,386
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Official website here: www.accion.org
Where can I find the form 990 for Accion International?
Accion International's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.accion.org
Learn more at the official website: www.accion.org
Mission Statement of Accion International
Accion International, a mission-driven organization, strives to enhance the lives of underserved communities by creating innovative and responsible financial solutions. By providing individuals with the necessary financial tools, Accion aims to empower them on their journey towards improvement and self-sufficiency.
In simpler terms, Accion International sets out to make a difference in the lives of those who are often overlooked by traditional financial institutions. Through its innovative approaches, the organization offers financial solutions that cater to the unique needs of its clients. Accion's ultimate goal is to enable individuals to take control of their financial situations and ultimately, build better lives for themselves and their families.
Accion International's dedication to improving lives is rooted in its belief that access to financial services is a fundamental right. By offering a range of financial products and services, Accion helps bridge the gap for those who lack access to traditional banking options. In doing so, the organization fosters financial inclusion, ensuring that individuals have the means to address their financial needs and plan for a more secure future.
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Impact
October, 2024
Accion International has made a significant impact by providing underserved individuals with the financial tools necessary to enhance their lives. Through innovative and responsible financial solutions, Accion empowers people to access credit, savings, and other essential financial services that they often lack. By focusing on those in need, the organization helps individuals and communities to improve their economic conditions, foster entrepreneurship, and achieve greater financial independence. Their work not only addresses immediate financial challenges but also contributes to long-term stability and growth within communities globally.
This information is meant to be a general summary of Accion International. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $2,970,542
- Program Service Revenue: $8,960,705
- Gross Receipts: $35,060,989
Assets and Liabilities:
- Total Assets: $427,090,566
- Total Liabilities: $19,128,670
- Net Assets: $407,961,896
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DIVIDENDS FROM PROGRAM INVESTMENTS
Revenue
$4,654,288
CONTRACT REVENUE
Revenue
$2,165,205
INVESTMENT MANAGEMENT FEES
Revenue
$1,417,200
HONORARIUM, BOARD REPRESENTATION FEES
Revenue
$642,938
MEMBERSHIP FEES
Revenue
$81,074
Organization Details
Founding Year
1965
Principal Officer
Michael Schlein
Website
www.accion.orgNTEE Category
Code: Q320 - International
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