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Washington · Nonprofit

UPAYA SOCIAL VENTURES

UPAYA SOCIAL VENTURES (Washington) receives grants from 34 organizations whose IRS filings report $3,922,223 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($2,011,234). 23 of them have funded it in more than one year, and 76% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2024
$3.3M
Funders on record
34
Grants received
$3.9M
Net assets
$4.0M
23/34 repeat funderspeak grant-dependency 87%
01What it does

What Upaya Social Ventures does

Mission

Upaya Social Ventures' mission is to create dignified jobs for people living in extreme poverty by building scalable businesses with investment and consulting support.

As stated on its FY2024 Form 990.

Programs

  1. Upaya creates dignified jobs for people living in extreme poverty by building scalable businesses with investment and consulting support. Since 2011, Upaya has supported 42 small and growing businesses in India with investments and expertise. As of December 2024, Upaya partners had created 46,186 lasting and dignified jobs. In 2024, Upaya accelerated the growth of seven additional companies and selected four new partners for our investment portfolio.

    $876,497 spent$60,025 earned by the program
    100% of program spending
  2. Other program services, not described on the e-filed return.

    $0 spent
    0% of program spending

The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $876,497.

02The organization over time

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.

100 = 20172017 Revenue 100 ($508k) Expenses 100 ($512k) Net assets 100 ($145k)2018 Revenue 124 ($628k) Expenses 118 ($606k) Net assets 225 ($326k)2019 Revenue 187 ($948k) Expenses 125 ($642k) Net assets 436 ($632k)2020 Revenue 277 ($1.4M) Expenses 163 ($832k) Net assets 815 ($1.2M)2021 Revenue 169 ($858k) Expenses 169 ($865k) Net assets 810 ($1.2M)2022 Revenue 253 ($1.3M) Expenses 210 ($1.1M) Net assets 904 ($1.3M)2023 Revenue 234 ($1.2M) Expenses 238 ($1.2M) Net assets 1356 ($2.0M)2024 Revenue 643 ($3.3M) Expenses 224 ($1.1M) Net assets 2769 ($4.0M)
'17'18'19'20'21'22'23'24
Revenue (643)Expenses (224)Net assets (2769)Peer revenue range

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 $3.7M to $5.7M (+54%).

$211k
$395k
$1.7M
$2.3M
$2.4M
$2.5M
$3.7M
$5.7M
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

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.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 0% · 2018 0% · 2019 0% · 2020 0% · 2021 16% · 2022 0% · 2023 0% · 2024 1%. Grants only. Government contracts and fees sit inside program revenue.

98% of UPAYA SOCIAL VENTURES’s revenue is contributions — more donation-reliant than the typical peer (97% for the typical peer).

This organization
Typical peer · 1,680 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 8 reported years ran a deficit.

−$4k
’17
$22k
’18
$305k
’19
$575k
’20
−$7k
’21
$211k
’22
−$33k
’23
$2.1M
’24
16
months of
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.

Board chair

Richard Wardell

Chair

As listed on its FY2024 Form 990.

'17'18'19'20'21'22'23'24
Listed1311121313131615
Joined·+0+4+3+0+3+3+3
No longer listed·2320304
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 7 funders to 11 funders, grant income rose $255k → $493k.

12 of 34 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 76% 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 UPAYA SOCIAL VENTURES’s funders (the co-funder graph). Top 30 of 34 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

UPAYA SOCIAL VENTURES leans on a few funders — its largest provides 51% of grant income and the top three 63%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

80% 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 UPAYA SOCIAL VENTURES.

51%
largest funder
63%
top three
~4
effective funders

Largest funder’s share by year: 2017 63% · 2018 37% · 2019 86% · 2020 42% · 2021 49% · 2022 40% · 2023 53% — diversifying over time.

“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

50% of UPAYA SOCIAL VENTURES's funders are still giving 3 years after their first grant; 68% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

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

76% of UPAYA SOCIAL VENTURES'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 $959k that is directly attributable, 56% of it comes from funders outside Washington, across 13 states.

WA
IL
WI
OR
NV
IA
IN
CA
UT
DE
SC
DC
TX

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Washington out of state home

Funder states come from each funder’s own filing. $3.0M arriving through sponsors registered in 10 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.

04Its place in the field

Against its field

UPAYA SOCIAL VENTURES runs a healthier operating margin than three-quarters of the 1,608 international nonprofits its size.

Operating margin65% · top quartile
Months of reserve15.6mo · top quartile
Revenue growth (annualized)30% · top quartile

this organization peer median middle 50% of peers· 1,608 international nonprofits $1M–$10M, FY2024

Organizations like UPAYA SOCIAL VENTURES

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

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

76% of spending goes to programs.

Program 76%Management 14%Fundraising 9%

Governance

12
board members
92%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

67%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 3 states

WA
NY
CA

Part of a family of 1 related entity

  • Upaya Social Ventures India Private Limited · corp_trust

Screen this organization

A dated, signed PDF of the compliance screen for UPAYA SOCIAL VENTURES: 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.

A paid feature, included from the $75 plan up. Sign in to download.

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 UPAYA SOCIAL VENTURES?
UPAYA SOCIAL VENTURES (Washington) receives grants from 34 organizations whose IRS filings report $3,922,223 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($2,011,234). 23 of them have funded it in more than one year, and 76% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does UPAYA SOCIAL VENTURES have?
IRS filings report 34 organizations giving $3,922,223 in grants to UPAYA SOCIAL VENTURES, 23 of which have funded it in more than one year.
Who is the largest funder of UPAYA SOCIAL VENTURES?
FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $2,011,234 in grants. The full list of funders is on this page.
How can an organization like UPAYA SOCIAL VENTURES 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 Upaya Social Ventures →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 34 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