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Accion

Accion

Cambridge, MA 02138
Tax ID13-2535763

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Do you work for Accion? Learn more here.

About this organization

Revenue

$21,865,551

Expenses

$29,718,453

Website

accion.org

Mission

Accion is a global nonprofit committed to creating a financially inclusive world, with a pioneering legacy in microfinance and fintech impact investing. We catalyze financial service providers to deliver high-quality, affordable solutions at scale for the three billion people who are left out of — or poorly served by — the financial sector. For nearly 60 years, Accion has helped tens of millions of people through its work with more than 160 partners in 55 countries.

About

See schedule O

Interesting data from their 2020 990 filing

The purpose of the non-profit is stated in the filing as “To give people the financial tools they need to improve their lives.”.

Their activities were defined as: “Accion combines decades of experience with insights into emerging technologies to build a financially inclusive world and promote economic activity for all.”.

  • As per legal requirements, the non-profit's state of operation is reported as NY.
  • The non-profit's address in 2020 as per the filing is 10 FAWCETT STREET STE 204, Cambridge, MA, 02138.
  • The form of the non-profit organization shows 131 employees as of 2020.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Has foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is -$7,852,902.
  • The compensation policy for the CEO of the organization is established through an impartial evaluation and endorsement.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has a foreign financial account.
  • The organization has 12 independent voting members.
  • The organization was formed in 1965.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule J.
  • The organization is required to file Schedule O.
  • The organization pays $15,905,137 in salary, compensation, and benefits to its employees.
  • The organization pays $1,806,632 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization has grants to organizations.
  • The organization's financial statements were reviewed by an accountant.

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