Overview
What is Microfinance Opportunities?
Microfinance Opportunities, based in Cambridge, Massachusetts, is a global nonprofit organization with a mission to shed light on the economic situations of underprivileged and marginalized communities. By collecting, analyzing, and visualizing data, they aim to influence policies and practices in various sectors, including government, private businesses, multilateral organizations, and the communities themselves. Their primary objective is to provide insights that can improve the livelihoods of these disadvantaged individuals. With a small team of two dedicated professionals, they disseminate their findings through interactive materials and education programs, contributing to a more informed and inclusive society.
Official website here: www.microfinanceopportunities.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Microfinance Opportunities has achieved an impressive 96% rating from Charity Navigator, highlighting its strong accountability and financial health. This designation reflects the organization's commitment to transparency and responsible financial management, with its overall score derived entirely from the Accountability & Finance beacon.
The nonprofit demonstrates robust governance practices, featuring a fully independent board and adherence to comprehensive policies, such as conflict of interest and whistleblower policies. Additionally, its program expense ratio of 89.31% indicates that a significant portion of its funding is directed toward its mission-related activities, further underscoring its effectiveness in fulfilling its objectives.
There are no noted limitations in the data regarding financial practices or governance, making Microfinance Opportunities a trustworthy organization for potential donors and stakeholders. The consistent oversight and commitment to best practices position it well within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Microfinance Opportunities legitimate?
Microfinance Opportunities is a legitimate nonprofit organization registered as a 501(c)(3) entity. Microfinance Opportunities 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: $76,768
Professional Fundraising Fees: $0
Other Salaries and Wages: $42,219
For more financial information, click here
Official website here: www.microfinanceopportunities.org
What is the mission statement of Microfinance Opportunities?
Microfinance Opportunities, a global non-profit organization, is dedicated to shedding light on the economic circumstances of underprivileged and marginalized individuals. Their mission is to influence the policies and practices of various sectors, including government, private businesses, multilateral organizations, and the community itself, by providing insights derived from data analysis and visualization. Through this process, they aim to enhance the understanding and address the economic challenges faced by low-income populations. Their work is accomplished through the collection, analysis, and dissemination of data, as well as through educational initiatives.
Official website here: www.microfinanceopportunities.org
Who is the CEO of Microfinance Opportunities?
Guy Stuart is the Executive Director of Microfinance Opportunities.
Official website here: www.microfinanceopportunities.org
What is the revenue of Microfinance Opportunities?
Microfinance Opportunities's revenue in 2022 was $634,787.
Official website here: www.microfinanceopportunities.org
Who are the executives of Microfinance Opportunities and what are their salaries?
The average compensation at Microfinance Opportunities during 2022 was $59,494. There are 2 employees at Microfinance Opportunities.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $77,218
- Related: $0
- Other: $5,154
- Compensation: $41,770
- Related: $0
- Other: $8,298
Official website here: www.microfinanceopportunities.org
Where can I find the form 990 for Microfinance Opportunities?
Microfinance Opportunities's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.microfinanceopportunities.org
Learn more at the official website: www.microfinanceopportunities.org
Mission Statement of Microfinance Opportunities
Microfinance Opportunities, a global non-profit organization, is dedicated to shedding light on the economic circumstances of low-income and marginalized individuals worldwide. Its mission is to delve into the intricacies of their economic realities, providing valuable insights that can guide the decision-making processes of various sectors, including governments, private businesses, multilateral organizations, and the low-income population itself. Microfinance Opportunities achieves this by gathering, analyzing, and presenting data in a clear and engaging manner, ultimately aiming to inform and influence policies and practices that can positively impact the lives of these underserved communities.
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Impact
July, 2024
Microfinance Opportunities has a significant impact on low-income and marginalized individuals worldwide by providing valuable insights into their economic realities. Through the collection, analysis, and visualization of data, this organization informs the policies and practices of various sectors, including government, the private sector, multilateral organizations, civil society, and the individuals themselves. By disseminating these results through interactive and engaging materials and education efforts, Microfinance Opportunities contributes to improving the financial well-being and opportunities for empowerment among marginalized populations.
This information is meant to be a general summary of Microfinance Opportunities. 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 2022.
- Program Service Revenue: $576,205
- Gross Receipts: $634,787
Assets and Liabilities:
- Total Assets: $221,751
- Total Liabilities: $58,483
- Net Assets: $163,268
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Contract income
Revenue
$576,205
Organization Details
Founding Year
2002
Phone
(202) 721-0050Principal Officer
Guy Stuart
Main Address
45 Prospect Street, Cambridge, MA, 02139
NTEE Category
Code: B99 - Education
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