Overview
What is Development Initiatives Poverty Research America Inc?
Development Initiatives Poverty Research America Inc, based in Washington D.C., is a nonprofit organization committed to ending poverty worldwide. Their primary mission involves improving the quality and quantity of data available to decision-makers, enabling them to allocate resources more effectively. They conduct research, analysis, and provide education to achieve this goal. In response to the challenges posed by the COVID-19 pandemic, they launched a new strategy in 2021, aiming to expand their global network of hubs and collaborate more closely with partners. As part of this strategy, they appointed a new director to establish a hub in East Africa, marking the beginning of their global expansion. With a team of 2 employees, Development Initiatives remains dedicated to supporting sustainable, inclusive progress and empowering partners to maximize impact in their communities.
Official website here: www.devinit.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Development Initiatives Poverty Research America Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating that while the organization demonstrates some strengths, there are critical areas that require attention. With an overall score of 67%, the nonprofit excels in its program expense ratio, which is notably high at 95.38%, reflecting a strong commitment to its mission. Additionally, it boasts a fully independent board, showcasing a commitment to governance and transparency.
However, concerns exist regarding the organization’s financial accountability. The liabilities to assets ratio is notably poor at 87.37%, which raises questions about financial stability. Furthermore, the absence of the tax form on the nonprofit's website detracts from its transparency efforts. While the organization has established various policies, including conflict of interest and whistleblower policies, these strengths are somewhat overshadowed by its financial limitations.
Overall, Development Initiatives Poverty Research America Inc shows promise in its commitment to addressing poverty and maintaining good governance. Nonetheless, it faces significant challenges in financial accountability and transparency, which could impact trust and support from donors and the community. Improvements in these areas could enhance its rating and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Development Initiatives Poverty Research America Inc legitimate?
Development Initiatives Poverty Research America Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Development Initiatives Poverty Research America Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $138,041
For more financial information, click here
Official website here: www.devinit.org
What is the mission statement of Development Initiatives Poverty Research America Inc?
Development Initiatives, a non-profit organization, aims to combat poverty globally by enhancing the quality and quantity of data available to decision-makers deploying resources worldwide. They collaborate closely with partners to ensure data-driven evidence and analysis are effectively utilized in policy and practice, ultimately working towards ending poverty, reducing inequality, and increasing resilience. In response to the COVID-19 pandemic's impact in 2021, they launched a new strategy to transition towards an organization that is situated closer to the partners it serves, with a focus on local empowerment and sustainable progress. As part of this strategy, they expanded their network of hubs across the world, starting with the establishment of a hub in East Africa in 2022.
Official website here: www.devinit.org
Who is the CEO of Development Initiatives Poverty Research America Inc?
Harpinder Collacott is the President of Development Initiatives Poverty Research America Inc.
Official website here: www.devinit.org
What is the revenue of Development Initiatives Poverty Research America Inc?
Development Initiatives Poverty Research America Inc's revenue in 2021 was $1,999,914.
Official website here: www.devinit.org
Who are the executives of Development Initiatives Poverty Research America Inc and what are their salaries?
The average compensation at Development Initiatives Poverty Research America Inc during 2021 was $69,020. There are 2 employees and 4 volunteers at Development Initiatives Poverty Research America Inc.
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Official website here: www.devinit.org
Where can I find the form 990 for Development Initiatives Poverty Research America Inc?
Development Initiatives Poverty Research America Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.devinit.org
Learn more at the official website: www.devinit.org
Mission Statement of Development Initiatives Poverty Research America Inc
Development Initiatives Poverty Research America Inc, a renowned organization, is dedicated to ending poverty globally by enhancing the quality and quantity of data available to decision-makers utilizing resources worldwide. They achieve this goal through research, analysis, and education, working closely with partners to ensure data-driven evidence and analysis are effectively used in policy and practice. The organization's mission is to reduce inequality, increase resilience, and contribute to a robust and inclusive recovery from crises like the COVID-19 pandemic. In 2021, Development Initiatives launched a new strategy, aiming to transform into an organization that is more closely connected with the partners it serves. This transition includes expanding their network of hubs across the world, enabling them to support sustainable, inclusive progress and empower partners to maximize their impact in their communities, countries, and regions.
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Impact
October, 2024
Development Initiatives Poverty Research America Inc significantly impacts the global effort to end poverty by enhancing the quality and availability of data for decision-makers deploying resources worldwide. In the face of challenges brought on by the COVID-19 pandemic in 2021, which exacerbated inequalities and hindered progress toward the Sustainable Development Goals (SDGs), the organization focused on the urgent need for improved data to inform policy and practice.
By conducting rigorous research and analyses, Development Initiatives equips partners—ranging from local organizations to international coalitions—with the evidence needed to make informed decisions. This approach helps to address issues such as rising global poverty and unemployment, ensuring that resources are allocated effectively, particularly in marginalized communities.
The organization's commitment to localization ensures that regional offices employ local staff who possess an intrinsic understanding of the context and challenges faced by their communities. This localized focus empowers partners to maximize their impact, fostering sustainable and inclusive growth. The launch of new hubs, beginning with the establishment of a hub in East Africa, demonstrates the intent to create a more extensive network of support tailored to specific regional needs.
Through strategic international cooperation and a dedication to data-driven solutions, Development Initiatives plays a crucial role in fostering resilience and promoting equitable recovery efforts globally. Its work aims not only to alleviate immediate poverty but also to lay the groundwork for long-term systemic change, ultimately enhancing the capacity of communities and nations to respond to current and future challenges.
This information is meant to be a general summary of Development Initiatives Poverty Research America Inc. 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 2021.
- Investment Income: $50
- Program Service Revenue: $169,741
- Gross Receipts: $1,999,914
Assets and Liabilities:
- Total Assets: $2,075,203
- Total Liabilities: $1,096,432
- Net Assets: $978,771
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING REVENUE
Revenue
$169,741
Organization Details
Founding Year
2015
Phone
(202) 847-5513Principal Officer
Harpinder Collacott
Main Address
1100 13TH STREET NW 800, WASHINGTON, DC, 20005
Website
www.devinit.orgNTEE Category
Code: P20 - Human services
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