Washington · Nonprofit
INKOMOKO
INKOMOKO (Washington) receives grants from 23 organizations whose IRS filings report $111,235,174 to it, the largest being MASTERCARD FOUNDATION ($55,984,555). 11 of them have funded it in more than one year.
- Revenue FY2025
- $24M
- Funders on record
- 23
- Grants received
- $111M
- Net assets
- $9.7M
What Inkomoko does
Mission
Inkomoko's mission is to support african entrepreneurs to grow their businesses to create jobs, improve livelihoods, and develop lasting economic development in their communities.
As stated on its FY2025 Form 990.
Programs
Inkomoko continued to provide training and consulting to micro and small businesses across rwanda, kenya, ethiopia, south sudan and chad, including to refugee entrepreneurs.
$9,587,863 spent41% of program spendingInkomoko's role as providing low-cost investment to small businesses continued to be a core part of our social mission to ensure financial inclusion for those excluded from mainstream finance. Inkomoko provided investment to refugees, including making available grants, loans and sharia-compliant products for muslim entrepreneurs, ensuring that small business don't have to choose between growing thrir business and their faith. We prioritize women, youth and those excluded from traditional banking systems.
$12,942,698 spent55% of program spendingAs part of a collaborative partnership with southern new hampshire university, Inkomoko supported the education initiatives of the snhu gem hub that engagtes refugee students around the world to access quality on-line instruction. Inkomoko's role was to facilitate operational systems that allowed for refugees to review student course work.
$965,313 spent$1,275,919 earned by the program4% of program spendingOther program services, not described on the e-filed return.
$0 spent0% of program spending
The 4 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $23,495,874.
The organization over time
Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $28M to $72M (+155%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2020 0% · 2021 10% · 2022 0% · 2023 0% · 2024 0% · 2025 0%. Grants only. Government contracts and fees sit inside program revenue.
85% of INKOMOKO’s revenue is contributions — about as donation-reliant as the typical peer (96% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 6 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Julienne Oyler
Co-founder & CEO
Board chair
Michael Payne
Board chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 4 funders to 6 funders, grant income rose $210k → $30M.
9 of 23 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 42% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of INKOMOKO’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
INKOMOKO leans on a few funders — its largest provides 50% of grant income and the top three 92%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
93% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund INKOMOKO.
Largest funder’s share by year: 2017 73% · 2018 72% · 2019 74% · 2020 87% · 2021 67% · 2022 80% · 2023 94% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
40% of INKOMOKO's funders are still giving 3 years after their first grant; 48% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
85% of INKOMOKO's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $8.2M that is directly attributable, 88% of it comes from funders outside Washington, across 5 states.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $47M arriving through sponsors registered in 7 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
INKOMOKO holds deeper cash reserves than three-quarters of the 190 international nonprofits its size.
this organization peer median middle 50% of peers· 190 international nonprofits $10M–$100M, FY2025
Organizations like INKOMOKO
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Washington
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
96% of spending goes to programs.
Governance
Public support
37%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 6 related entities
- Inkomoko Capital Limited · exempt
- Inkomoko Entrepreneurship Development Ltd · exempt
- Inkomoko Limited · exempt
- Inkomoko · exempt
- Aec Business Consulting Plc · exempt
Screen this organization
A dated, signed PDF of the compliance screen for INKOMOKO: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds INKOMOKO?
- INKOMOKO (Washington) receives grants from 23 organizations whose IRS filings report $111,235,174 to it, the largest being MASTERCARD FOUNDATION ($55,984,555). 11 of them have funded it in more than one year.
- How many funders does INKOMOKO have?
- IRS filings report 23 organizations giving $111,235,174 in grants to INKOMOKO, 11 of which have funded it in more than one year.
- Who is the largest funder of INKOMOKO?
- MASTERCARD FOUNDATION is the largest funder on record, with $55,984,555 in grants. The full list of funders is on this page.
- How can an organization like INKOMOKO find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Washington. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Inkomoko →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2020–2025), and the filings of 23 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing