Vermont · Nonprofit
THE BOMA PROJECT INC
THE BOMA PROJECT INC (Vermont) receives grants from 48 organizations whose IRS filings report $21,654,685 to it, the largest being Silicon Valley Community Foundation ($10,060,000). 32 of them have funded it in more than one year, and 59% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $7.3M
- Funders on record
- 48
- Grants received
- $22M
- Net assets
- $6.5M
What The Boma Project Inc does
Mission
Boma's mission is to provide the people and governments of african drylands with adapted economic inclusion programs that materially reduce extreme poverty rate and enhance their ability to withstand multiple crises.
As stated on its FY2025 Form 990.
Programs
The rural entrepreneur access project ("reap") is an innovative, data driven, high-impact, gender focused poverty graduation program that targets ultra-poor women at the epicenter of extreme poverty, climate change and the true "last mile" of economic and social-isolation. Through a two-year process of sequenced interventions - including a cash transfer to start a small business, financial and life skills training, mentoring, and a savings program - reap helps the poorest and most vulnerable women establish savings to build their resilience to shocks and lift themselves and their families out of extreme poverty. On average, 96% of women "graduate" from extreme poverty based on boma's strict criteria, meaning they have food for their children, diversified income and savings, and the ability to pay for life-changing resources like education and medical care.
$8,240,943 spentof which $7,780,620 as grants93% of program spendingTechnical advisory - as a strategic partner and technical advisor to non- governmental organizations, boma leverages its expertise and conclusive evidence of impact to embed the graduation approach into humanitarian response systems in fragile states and regions. As a technical advisor to governments, boma supports the activities and processes that will lead to the adoption of the graduation approach into social protection systems, beginning with kenya.
$496,774 spentof which $449,741 as grants6% of program spendingEducation and advocacy - boma has a strong commitment to expand the knowledge of poverty graduation, livelihoods, gender programming, financial inclusion, and savings models by collaborating with research institutions and partners that can help us advance global knowledge of the unique challenges in the arid lands of africa. Boma continues to bring the issues of the most vulnerable populations in forgotten areas into global debate through publications and speaking engagements. In addition, boma conducts outreach with governments and other stakeholders in the poverty graduation field by hosting poverty graduation learning events, field visits, and briefings for government delegations, such as for kenya, ethiopia and sudan, who are interested in testing boma's model in their countries.
$164,711 spentof which $532 as grants2% of program spending
The 3 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $8,902,428.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 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 2020 to 2021, from $2.7M to $13M (+371%).
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: 2018 7% · 2019 13% · 2020 11% · 2021 3% · 2022 24% · 2023 28% · 2024 20% · 2025 19%. Grants only. Government contracts and fees sit inside program revenue.
97% of THE BOMA PROJECT INC’s revenue is contributions — more donation-reliant than the typical peer (97% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 9 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
Kathleen Colson
Interim CEO
Board chair
Elsie Mbugua
Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 12 funders to 15 funders, grant income rose $725k → $2.1M.
15 of 48 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 59% 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 THE BOMA PROJECT INC’s funders (the co-funder graph). Top 30 of 48 funders by total. 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
THE BOMA PROJECT INC leans on a few funders — its largest provides 46% of grant income and the top three 68%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
60% 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 THE BOMA PROJECT INC.
Largest funder’s share by year: 2017 34% · 2018 34% · 2019 33% · 2020 30% · 2021 87% · 2022 34% · 2023 34% — broadly stable.
“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
47% of THE BOMA PROJECT INC's funders are still giving 3 years after their first grant; 67% 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
59% of THE BOMA PROJECT INC'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 $8.8M that is directly attributable, 100% of it comes from funders outside Vermont, across 14 states.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $13M arriving through sponsors registered in 12 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
THE BOMA PROJECT INC has grown faster than half of the 718 international nonprofits its size.
this organization peer median middle 50% of peers· 718 international nonprofits $1M–$10M, FY2025
Organizations like THE BOMA PROJECT INC
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 Vermont
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
88% of spending goes to programs.
Governance
Public support
64%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 13 states
Screen this organization
A dated, signed PDF of the compliance screen for THE BOMA PROJECT INC: 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 THE BOMA PROJECT INC?
- THE BOMA PROJECT INC (Vermont) receives grants from 48 organizations whose IRS filings report $21,654,685 to it, the largest being Silicon Valley Community Foundation ($10,060,000). 32 of them have funded it in more than one year, and 59% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does THE BOMA PROJECT INC have?
- IRS filings report 48 organizations giving $21,654,685 in grants to THE BOMA PROJECT INC, 32 of which have funded it in more than one year.
- Who is the largest funder of THE BOMA PROJECT INC?
- Silicon Valley Community Foundation is the largest funder on record, with $10,060,000 in grants. The full list of funders is on this page.
- How can an organization like THE BOMA PROJECT INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Vermont. 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 Boma Project →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 48 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 14, 2026. What this page cannot tell you · view filing