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· Public charity

Acumen Fund Inc

Acumen's mission is to change the way the world tackles poverty by investing in companies, leaders and ideas.acumen is a global force of entrepreneurs, investors, philanthropists, and social innovators working together to build a world based on dignity.

$4.5M
Granted FY2024still arriving
9
Grants FY2024still arriving
7
States reached
$412k
Largest
01What it funds
01100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2024.

Food & Nutrition$2.9MCommunity Improvement$2.2MPublic Safety & Disaster$1.7MInternational$1.3MScience & Tech$835kEducation$735kHuman Services$485kEnvironment$454kOther$0
02FY2024 · 9 grants

Where the money goes

Grants by size, and the largest recipients.

How this is measured
The 9 grants below total $860,441, the rows itemized in this filing. The $4,469,354 headline is the total grant expense on the return; the other $3,608,913 is giving the schedule does not break out (grants under the $5,000 itemization floor, grants to individuals, grants on other schedules). Every figure below describes the itemized rows only.

By grant size · FY2024

  • $10k–50k7 grants · $115k
  • $250k+2 grants · $745k
$25,000
Median grant
7
States reached
$218M
Total assets
Largest grants
RecipientAmount
ACUMEN CAPITAL PARTNERS LLC$412,278
REFUGEE INVESTMENT NETWORK INC$333,163
CITY OF SAMARITANS PBC$25,000
STATEN ISLAND PERFORMING PROVIDER SYSTEM LLC$25,000
KAIZEN HEALTH INC$25,000
FARMBOX DIRECT INC$10,000
ZERAKI INC$10,000
RASA PUBLIC BENEFIT CORPORATION$10,000
FREE FROM MARKET$10,000
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Its human-services grants (FY23–24, $535k) land where the poverty rate runs at 14%, against an area that typically sits at 10%. 100% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 10%REFUGEE INVESTMENT NETWORK INC: $333k → 14%PARITY LAB INC: $50k → 11%REFUGEE INVESTMENT NETWORK INC: $152k → 14%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.

Which US states its grants reach

WA
MN
IL
MI
NY
MA
OR
PA
NJ
CA
UT
CO
MO
VA
DE
AZ
DC
GA
TX
FL

Grants abroad, by region: $3.6M on the FY2024 return

Schedule F, as filed: 5 regions. The IRS asks for region and purpose, not the recipient, so no country or grantee can be named here.

Sub-Saharan Africa$2.3M · 63% · 21 grants

Stated purpose: TECHNICAL ASSISTANCE FOR PORTFOLIO COMPANIES · TO MANUFACTURE AND SELL AFFORDABLE, HIGH-QUALITY SOLAR LIGHTING SOLUTIONS (LANTERNS AND HOME SYSTEMS), COOKSTOVES, AND OTHER ELECTRONIC PRODUCTS TO OFF-GRID HOUSEHOLDS AND SMALL BUSINESSES IN UNDERSERVED LOW-INCOME COMMUNITIES. · TO SERVE LOW-INCOME PEOPLE AND BUSINESSES IN MALAWI WITH HIGHQUALITY AND AFFORDABLE SOLAR ENERGY ACCESS.

South Asia$933k · 26% · 14 grants

Stated purpose: TO PROVIDE ENERGY SERVICES TO LOW-INCOME COMMUNITIES IN WEAKGRID AND OFF-GRID RURAL AREAS ACROSS AFRICA AND ASIA. · TO PREVENT CHILD MALNUTRITION BY BUILDING THE CAPACITY OF INDIA'S ANGANWADI CHILD CARE CENTERS THROUGH TRAINING AND DIGITAL TOOLS · TO ENGAGE IN THE BUSINESS OF EMPOWERING EDUCATORS TO BUILD PROFICIENCY IN FOUNDATIONAL STEAM LITERACY AS A LIFE SKILL IN SCHOOL-GOING CHILDREN TO CULTIVATE THE MINDSET OF SCIENTIFIC TEMPERAMENT.

South America$235k · 7% · 7 grants

Stated purpose: TO REDUCE THE DISPARITY IN THE LABOR MARKET WHERE 77% OF COMPANIES FACE A TALENT SHORTAGE WHILE YOUNG AND DIVERSE CANDIDATES STRUGGLE TO CONNECT WITH JOB OPPORTUNITIES. · TO ENHANCE PEACE BUILDING IN COLOMBIA USING FASHION AS A TOOL FOR CHANGE. · TO PROMOTE DIGNIFIED EMPLOYMENT AND REGENERATIVE FARMING IN RURAL REGIONS WITH A HISTORY OF VIOLENCE AND MARGINALIZATION THROUGH THE DISTRIBUTION OF HEALTHY FOOD PRODUCTS GROWN THROUGH AGROFORESTRY MANAGEMENT.

East Asia and the Pacific$100k · 3% · 2 grants

Stated purpose: TO MAKE AFFORDABLE, NUTRITIOUS, AND DELICIOUS FOOD ACCESSIBLE TO ALL INCLUDING UNDERSERVED COMMUNITIES WHILE BREAKING THE CYCLE OF FOOD WASTE · TO REDUCE GENDER INEQUALITIES BY DELIVERING A LEGALLY SANCTIONED, AGE-APPROPRIATE, COMPREHENSIVE SEXUALITY EDUCATION (CSE) PROGRAM TO EMPOWER 16 MILLION CHILDREN IN VIETNAM.

Europe (including Iceland and Greenland)$75k · 2% · 2 grants

Stated purpose: ONLINE EDUCATIONAL VIDEOS · TO UPLIFT FAMILIES THROUGH EDUCATIONAL EQUITY BY DRIVING INCLUSIVE PARENTAL ENGAGEMENT THROUGH PARTNERSHIPS WITH SCHOOLS

How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving. Grants abroad on Schedule F are filed by region, purpose and amount with no recipient name, so they are shown by region and cannot be placed on the country map or matched to a grantee.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

64%of every dollar goes to organizations it has funded before.
$7.3M · 25 repeat orgs$4.2M to everyone else

Grantees it renews have grown median revenue +97% since the first grant, against +15% for those funded once.

25 repeat relationships: 6 still active in FY2024, 19 since wound down; 3 grantees were first funded in FY2024 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

25
33

Total granted

$7.3M
$4.1M

Median revenue growth · since first grant

+97%
+15%

Still filing today

28%
39%

New vs renewed · share of each year

In FY2024, 95% of grant dollars renewed an existing relationship; $45k went to new ones.

50%100%’17’18’19’20’21’22’23’24
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’17’18’19’20’21’22’23’24
InternationalCommunity ImprovementEducationHuman ServicesPhilanthropyEnvironmentOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • II
    ID INSIGHT INC
    3× · 2018–2020 · $1.5M · revenue +106%
  • RI
    REFUGEE INVESTMENT NETWORK INC
    2× · 2023–2024 · $485k · revenue +108% · 29% of their budget
  • T
    TANAGER
    2× · 2018–2019 · $361k · revenue +97%

Funded once

  • SI
    SOCIAL INVESTMENT MANAGERS AND ADVISORS LLC
    one grant, 2020 · $1.0M
  • RO
    REGENTS OF THE UNIVERSITY OF CALIFORNIA
    one grant, 2019 · $700k
  • CP
    CLIMATE POLICY INITIATIVE INC
    one grant, 2023 · $374k · revenue +8%
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
International Center for Research On Women

The international center for research for women (icrw) is a global research institute, with a mission to advance rights and opportunities for women, girls, and structurally excluded populations with actionable evidence and solutions.

International
2
Middle East Investment Initiative Inc

Middle east investment initiative, inc. (meii) stimulates sustainable economic activity and long-lasting job creation in the middle east and north africa (mena) by designing and deploying finance and technical assistance programs to…

Community Improvement
3
International Budget Partnership

Ibp works with civil society, governments, international institutions and the private sector to bring about a world in which empowered citizens participate in open, inclusive public budgeting processes to shape policies and practices that…

International
4
Development Gateway Inc

Development gateway (dg) creates tools and design processes that help collect, visualize, and use data for a more equitable world. for 20 years, we have built systems, dashboards, and tools to create more effective, open, and engaging…

International
5
Accion International

Our mission is to create a fair and inclusive economy where underserved people have quality financial choices and opportunities to improve their economic well-being. we find and help build innovative companies with the potential to reach…

International
6
International Development Enterprises

See schedule o for a more detailed description of ide's mission statement and achievements.

International
7
Inclusive Development International

Inclusive Development International supports communities around the world to defend their rights and resources in the face of harmful corporate activities and internationally financed development projects, and we advocate for a more just…

International
8
Coop Careers Inc

Building a movement of diverse, upwardly mobile college grads overcoming underemployment through digital skills and peer connections.

Education
9
Upturn Inc

Upturn advances equity and justice in the design, governance, and use of technology.

—
10
Nuru International

Nuru is a global collective that enables inclusive and sustainable prosperity by identifying communities at the stability tipping point, strengthening rural livelihoods and market systems, and fostering stabilizing connections that repair…

International
11
Aceli Africa Inc

Aceli's mission is to unlock the growth and impact of agricultural small- and medium-sized enterprises (smes) by bridging the gap between capital supply and demand.

International
12
Partnership On Ai to Benefit People and Society

Bringing diverse voices together across global sectors, disciplines, and demographics so developments in ai advance positive outcomes for people and society.

Science & Tech
How this is measured
The grantee most central to the portfolio’s shape is Refugee Investment Network Inc; the most unlike its peers is Parity Lab Inc. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

21 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 21 of the 62 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

4
Load-bearing (≥25% of a budget)
8
Early backer (in before they grew)
21/21
Grantees still filing
18/21
Grew since first funded

Where the money sits, by cause and then by grantee

60 DECIBELS INC: $1,581,013 · Other60 DECIBELS INCSOCIAL INVESTMENT MANAGERS AND ADVISORS LLC: $1,000,000 · OtherSOCIAL INVESTMENT MANAGERS AND ADVISORS LLCACUMEN CAPITAL PARTNERS LLC: $712,278 · OtherACUMEN CAPITAL PARTNERS LLCREGENTS OF THE UNIVERSITY OF CALIFORNIA: $700,000 · OtherREGENTS OF THE UNIVERSITY OF CALIFORNIABIOLITE INC: $457,500 · OtherBIOLITE INCUNIVERSITY OF SAN DIEGO: $275,000 · Other+39 more: $3,473,807 · Other+39 moreID INSIGHT INC: $1,487,557 · InternationalID INSIGHT INCTANAGER: $360,976 · InternationalTANAGERMAZIWA: $95,566 · International+4 more: $162,594 · International+4 moreREFUGEE INVESTMENT NETWORK INC: $484,986 · Human ServicesParity Lab Inc: $50,000 · Human ServicesCLIMATE POLICY INITIATIVE INC: $374,279 · EnvironmentMassachusetts Institute of Technology: $105,000 · EducationUPCHIEVE INC: $50,000 · EducationSTARFISH INTERNATIONAL: $13,028 · EducationVIRGINIA ORGANIZING INC: $60,000 · Community ImprovementTHE RESOLUTION PROJECT INC: $50,000 · Community ImprovementFresno Area Hispanic Foundation: $50,000 · Community ImprovementSTATEN ISLAND PERFORMING PROVIDER SYSTEM LLC: $85,000 · Health
Other$8,199,598International$2,106,693Human Services$534,986Environment$374,279Education$168,028Community Improvement$160,000Health$85,000

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetID INSIGHT INC: $1,487,557 over 3y, 6.5% of budgetREFUGEE INVESTMENT NETWORK INC: $484,986 over 2y, 29% of budgetCLIMATE POLICY INITIATIVE INC: $374,279 over 1y, 1.8% of budgetTANAGER: $360,976 over 2y, 3.4% of budgetUNIVERSITY OF SAN DIEGO: $275,000 over 2y, 0.0% of budgetMassachusetts Institute of Technology: $105,000 over 2y, 0.0% of budgetMAZIWA: $95,566 over 1y, 68% of budgetSTATEN ISLAND PERFORMING PROVIDER SYSTEM LLC: $85,000 over 2y, 2.6% of budgetVIRGINIA ORGANIZING INC: $60,000 over 2y, 0.7% of budgetSANERGY INC: $50,491 over 1y, 2.3% of budgetHELLO FUTURE INC: $50,000 over 1y, 42% of budgetParity Lab Inc: $50,000 over 1y, 27% of budgetTHE RESOLUTION PROJECT INC: $50,000 over 2y, 1.5% of budgetFresno Area Hispanic Foundation: $50,000 over 1y, 0.8% of budgetUPCHIEVE INC: $50,000 over 1y, 10% of budgetBUSARA CENTER FOR BEHAVIORAL ECONOMICS INC: $50,000 over 1y, 1.0% of budgetWorklife Inc: $25,000 over 1y, 12% of budgetIMANI COLLECTIVE: $14,514 over 1y, 2.1% of budgetRefuSHE Inc: $12,103 over 1y, 0.4% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

  • Who funds ID INSIGHT INC ↗
  • Who funds REFUGEE INVESTMENT NETWORK INC ↗
  • Who funds CLIMATE POLICY INITIATIVE INC ↗
  • Who funds TANAGER ↗
  • Who funds UNIVERSITY OF SAN DIEGO ↗
  • Who funds Massachusetts Institute of Technology ↗
  • Who funds MAZIWA ↗
  • Who funds STATEN ISLAND PERFORMING PROVIDER SYSTEM LLC ↗
  • Who funds VIRGINIA ORGANIZING INC ↗
  • Who funds SANERGY INC ↗
  • Who funds HELLO FUTURE INC ↗

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Gates FoundationWA13.2× affinity5 shared granteesties to 9 of 9Hover any node to trace its alignments.Compare side by side →

Open a dossier: Gates Foundation · Rockefeller Philanthropy Advisors Inc · Tides Foundation · Silicon Valley Community Foundation · Jpmorgan Chase Foundation · National Philanthropic Trust · American Online Giving Foundation Inc · Fidelity Investments Charitable Gift Fund · Donor Advised Charitable Giving Inc · Amazonsmile Foundation

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization Acumen Fund Inc funds: left to right is the share of its income from government, bottom to top the share from Acumen Fund Inc. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 50%5%19%42%75%funder's share of their income ↑0%25%50%75%100%share of the org’s income from government →median 35%
  • Massachusetts Institute of Technology: 35% of income from government
no gov moneyreceives it· size = income
5get no government money at all
2report government grants on their 990 we could not trace to a source (not plotted)
0rely on government for over half their income
typical government reliance, FY20–25
How this is measured
Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 62 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990 e-file return for fiscal year 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

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