Co-Impact
Legal name: Co-impact Philanthropic Funds Inc
Nonprofit profile at a glance
- EIN
- 882408684
- IRS 990 coverage
- 2022–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 9197928940
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public Foundations
Reported finances
- Revenue
- $41,341,748
- Expenses
- $84,892,538
- Assets
- $272,921,569
- Liabilities
- $10,830,574
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- OLIVIA LELAND - FOUNDER (CEO & BOARD MEMBER (NON-VOTING))
Highest reported compensation
- OLIVIA LELAND - FOUNDER (CEO & BOARD MEMBER (NON-VOTING)): $589,262 total reported compensation
- PAMELA FOSTER (CHIEF OPERATING OFFICER/SECRETARY): $489,803 total reported compensation
- ANNA-MARIE HARLING - MANAGING (DIRECTOR, PHILANTHROPIC COLLAB.): $351,560 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To strengthen health, education, and economic systems and improve the lives of women, children, and marginalized communities.
What it reported doing in 2024
Our gender fund, which pools funding from a globally diverse group of funding partners, is focused on transformative systems change, achieving people-level and systems-level outcomes, with an emphasis on elevating women's power, agency, and leadership at all levels. Through this fund, we award flexible grants to organizations across africa, asia, and latin america; we awarded 34 grants in 2024 and are supporting over 100 initiatives overall. Our grant recipients are working with powerful coalitions to effect change in such areas as early childhood development, social-emotional learning, care economy, maternal health, women's health, land rights and natural resource management, and women's leadership. In addition to providing grant funding, (see schedule o)co-impact also provides non-grant support to the organizations we are funding, including supporting organizational strengthening efforts.
Operating model
- Revenue model
- Donor-supported. 78% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 91% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 96
- Transparency & Controls: 81
- Accountability: 100
- Sustainability: 40
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 91.7%; rating input score 92
- Fundraising efficiency: $103 raised per $1 spent on fundraising; rating input score 85; 85th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: 4 of 8 controls in place; rating input score 50
- Claims monitoring procedures: Pass
- Requires narrative reports: Pass
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Pass
- Conducts site visits: Fail
- Requires grant agreements: Pass
- May require repayment: Fail
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -105.3%; rating input score 0; 0th percentile among comparable filings
- Total-asset coverage ratio: 3.21; rating input score 77; 77th percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 85; 85th percentile among comparable filings
- Officer compensation ratio: 3.9%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: 25% per year; rating input score 100; 93rd percentile among comparable filings
- Revenue growth: -10.6% per year; rating input score 0; 1st percentile among comparable filings
- Asset growth: 58.1% per year; rating input score 100; 99th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 7 operating locations identified
- Where the money goes: 100% of revenue deployed · 91.7% of spending went to programs
- Governance: 11 of 11 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $77.9M in reported program spending
- Leadership: top reported pay $589K · 21 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 4 contractors listed · $1M reported
- Consistency: 30 of 30 current checks pass
- Schedules: 7 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 39 filed money-flow records
- Related organizations: 25 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Transparency & Controls: Foreign activity oversight: 4 of 8 not reported.
- High — Sustainability: Operating margin scored 0/100.
- High — Growth: Revenue growth scored 0/100.