Grameen America Inc
Grameen America Inc. shows strong financial growth and zero reported officer compensation over the last decade.
EIN: 208497991 · New York, NY · NTEE: S31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $141.8M |
| Total Expenses | $32.9M |
| Program Spending | 85% |
| Net Assets | $200.3M |
| Transparency Score | 90/100 |
Is Grameen America Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Grameen America Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Grameen America Inc
Grameen America Inc (EIN: 208497991) is a nonprofit organization based in New York, NY, classified under NTEE code S31. The organization reported total revenue of $141.8M and total assets of $526.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grameen America Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grameen America Inc is a major nonprofit that has been operating for 18 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 27.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $83.4M |
| Total Expenses | $32.9M |
| Surplus / Deficit | +$50.4M |
| Total Assets | $374.4M |
| Total Liabilities | $174.1M |
| Net Assets | $200.3M |
| Operating Margin | 60.5% |
| Debt-to-Asset Ratio | 46.5% |
| Months of Reserves | 136.4 months |
Financial Health Grade: A
In 2023, Grameen America Inc reported a surplus of $50.4M with revenue exceeding expenses, holds 136.4 months of operating reserves (strong position), has a debt-to-asset ratio of 46.5% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Grameen America Inc's revenue has grown at a compound annual growth rate (CAGR) of 27.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +79.7% | +16.4% | +34.3% |
| 2022 | -7.7% | +37.1% | +17.6% |
| 2021 | -9.6% | -4.9% | +16.5% |
| 2020 | +26.4% | +2.2% | +39.2% |
| 2019 | +84.5% | +32.2% | +41.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Grameen America Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Grameen America Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $50.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 46.5%.
Executive Compensation Analysis
Grameen America Inc. consistently reports 0% officer compensation across all available filings, which is exceptional for an organization of its size and growth. This indicates a strong commitment to directing all funds towards its mission and operational costs, rather than executive salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Grameen America Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
- Unusually high and consistent 0% officer compensation, warranting further investigation into executive remuneration practices
Strengths
The following positive indicators were identified for Grameen America Inc:
- Exceptional financial growth in both revenue and assets over the past decade
- Consistent reporting of 0% officer compensation, indicating strong commitment to mission-focused spending
- Strong asset base ($374.4 million in 2023) relative to liabilities ($174.1 million), suggesting financial stability
- Clear mission (Microfinance and Microenterprise Support) aligns with observed financial scale
Frequently Asked Questions about Grameen America Inc
Is Grameen America Inc a legitimate charity?
Grameen America Inc (EIN: 208497991) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 14 years of IRS 990 filings on record. Total revenue: $141.8M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Grameen America Inc spend its money?
Grameen America Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Grameen America Inc tax-deductible?
Grameen America Inc is registered as a tax-exempt nonprofit (EIN: 208497991). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Grameen America Inc's spending goes to programs?
Grameen America Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Grameen America Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Grameen America Inc is above average for NTEE category S31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Grameen America Inc located?
Grameen America Inc is headquartered in New York, New York and files with the IRS under EIN 208497991. It is classified under NTEE code S31.
How many years of IRS 990 filings does Grameen America Inc have?
Grameen America Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $141.8M in total revenue.
How does Grameen America Inc. manage to report 0% officer compensation?
The consistent reporting of 0% officer compensation is highly unusual for an organization of Grameen America's scale. This could indicate that executive salaries are covered by a related entity, paid through a different mechanism not classified as 'officer compensation' on the 990, or that executives are compensated in non-monetary ways. Further investigation into their financial statements beyond the summary 990 data would be needed to fully understand this.
What is the primary driver of Grameen America Inc.'s significant revenue growth?
While the 990 data shows substantial revenue growth from $17.2 million in 2014 to $83.3 million in 2023, the specific drivers (e.g., grants, contributions, program service revenue, investment income) are not detailed in the provided summary. Given its microfinance mission, it's likely a combination of philanthropic support and interest/fees from its lending activities.
What is the organization's debt management strategy given its growing liabilities?
Grameen America Inc.'s liabilities have grown from $17.6 million in 2014 to $174.1 million in 2023. While assets have grown even faster, indicating a healthy balance sheet, the nature of these liabilities (e.g., program-related investments, loans payable, accounts payable) is not specified. Understanding the composition and terms of these liabilities is crucial for assessing long-term financial stability, especially for a microfinance institution.
Filing History
IRS 990 filing history for Grameen America Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Grameen America Inc's revenue has grown by 2261.1%, moving from $3.5M to $83.4M. Total assets increased by 4315.5% over the same period, from $8.5M to $374.4M. Total functional expenses rose by 1396.9%, from $2.2M to $32.9M. In its most recent filing year (2023), Grameen America Inc reported a surplus of $50.4M, with revenue exceeding expenses. The organization holds $174.1M in liabilities against $374.4M in assets (debt-to-asset ratio: 46.5%), resulting in net assets of $200.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $83.4M | $32.9M | $374.4M | $174.1M | — | — |
| 2022 | $46.4M | $28.3M | $278.8M | $128.9M | — | — |
| 2021 | $50.2M | $20.6M | $237.1M | $105.5M | — | View 990 |
| 2020 | $55.6M | $21.7M | $203.6M | $101.6M | — | View 990 |
| 2019 | $44.0M | $21.2M | $146.3M | $77.2M | — | View 990 |
| 2018 | $23.9M | $16.1M | $103.6M | $57.2M | — | View 990 |
| 2017 | $20.3M | $15.6M | $87.5M | $48.9M | — | View 990 |
| 2016 | $20.1M | $15.2M | $76.9M | $43.1M | — | View 990 |
| 2015 | $18.0M | $14.0M | $62.3M | $31.8M | — | View 990 |
| 2014 | $17.2M | $10.9M | $45.5M | $17.7M | — | View 990 |
| 2013 | $14.7M | $7.8M | $40.5M | $13.3M | — | View 990 |
| 2012 | $6.0M | $5.1M | $27.2M | $7.5M | — | View 990 |
| 2011 | $6.2M | $3.2M | $18.3M | $6.9M | — | View 990 |
| 2010 | $3.5M | $2.2M | $8.5M | $3.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $83.4M, expenses of $32.9M, and assets of $374.4M (revenue +79.7% year-over-year).
- 2022: Revenue of $46.4M, expenses of $28.3M, and assets of $278.8M (revenue -7.7% year-over-year).
- 2021: Revenue of $50.2M, expenses of $20.6M, and assets of $237.1M (revenue -9.6% year-over-year).
- 2020: Revenue of $55.6M, expenses of $21.7M, and assets of $203.6M (revenue +26.4% year-over-year).
- 2019: Revenue of $44.0M, expenses of $21.2M, and assets of $146.3M (revenue +84.5% year-over-year).
- 2018: Revenue of $23.9M, expenses of $16.1M, and assets of $103.6M (revenue +17.3% year-over-year).
- 2017: Revenue of $20.3M, expenses of $15.6M, and assets of $87.5M (revenue +1.3% year-over-year).
- 2016: Revenue of $20.1M, expenses of $15.2M, and assets of $76.9M (revenue +11.6% year-over-year).
- 2015: Revenue of $18.0M, expenses of $14.0M, and assets of $62.3M (revenue +4.5% year-over-year).
- 2014: Revenue of $17.2M, expenses of $10.9M, and assets of $45.5M (revenue +17.5% year-over-year).
- 2013: Revenue of $14.7M, expenses of $7.8M, and assets of $40.5M (revenue +145.9% year-over-year).
- 2012: Revenue of $6.0M, expenses of $5.1M, and assets of $27.2M (revenue -3.3% year-over-year).
- 2011: Revenue of $6.2M, expenses of $3.2M, and assets of $18.3M (revenue +74.5% year-over-year).
- 2010: Revenue of $3.5M, expenses of $2.2M, and assets of $8.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grameen America Inc:
Data Sources and Methodology
This transparency report for Grameen America Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.