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Inclusiv
Inclusiv reported $101.3 million in revenue and $22.8 million in expenses for calendar year 2025. Of every $100 it spent, $93.00 went to program services, $6.13 to management and general costs and $0.87 to fundraising. Its largest source of revenue was contributions and grants: 91.8% of the total. Government grants made up 79.6%. The highest compensation it reported for one person was $345,483 (PRESIDENT/CEO). 32 people received more than $100,000 in reportable compensation. Revenue rose 1341% between 2019 and 2025. Source: Form 990, 2025.
Where $100 of spending went
Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $23MFor context, the median across 185 covered public & societal benefit charities: $88.81 programs, $11.18 management, $0.01 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2025 · Form 990, Part VIII · total revenue $101MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 93.0% | 84.9% |
| Management & general Part IX 25(C) ÷ 25(A) | 6.1% | 10.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.9% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 91.8% | 83.8% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 79.6% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 8.2% | 3.2% |
| Highest reported compensation Part VII-A, columns D–F | $345,483 | $357,133 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.52% | 1.52% |
| People paid over $100,000 Part VII, line 2 | 32 | 12 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 1,047.9 | 10.5 |
| Independent voting board members Part VI 1a–1b | 15 of 15 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2025 · Form 990, Part III · the three largest programs by expenseInclusiv capital provides capital and loans to, and makes investments in member cdcus to support efforts to create economic opportunity and advance financial inclusion initiatives that benefit low- and moderate-income people and communities across the country
Inclusiv's center for resiliency and clean energy was created in 2019 to teach and support community-based financial institutions, including credit unions, cdfi loan funds, and community banks, among others, launching and scaling clean energy finance initiatives that enable communities to access affordable clean energy services, reduce energy burdens, create good jobs, and build resilience and disaster preparedness. The center provides practical, hands-on training and technical assistance for community lenders; supports credit unions' access to technology platforms and financial instruments…
Inclusiv develops and provides financial inclusion programs to help our member cdcus expand the products and services they offer to low- and moderate-income people and communities and deepen their community impact. These programs include training and one-on-one support to help cdcus build effective financial coaching programs and asset building and asset protection initiatives
Highest reported compensation
2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT/CEO Officer, 40.00 hrs/week | $327,758 | $0 | $17,725 | $345,483 |
| SVP NETWORK DEVELOPMENT Highest compensated employee, 40.00 hrs/week | $252,089 | $0 | $11,825 | $263,914 |
| VICE PRESIDENT Officer, 40.00 hrs/week | $225,380 | $0 | $15,212 | $240,592 |
| EVP RESILIENCY & CLEAN ENERGY Highest compensated employee, 40.00 hrs/week | $212,963 | $0 | $19,449 | $232,412 |
| CFO/CIO Officer, 40.00 hrs/week | $213,992 | $0 | $11,260 | $225,252 |
| COO Officer, 40.00 hrs/week | $201,503 | $0 | $15,439 | $216,942 |
| GENERAL COUNSEL Director/trustee, 40.00 hrs/week | $197,346 | $0 | $14,939 | $212,285 |
| SVP POLICY & COMMUNICATION Highest compensated employee, 40.00 hrs/week | $187,092 | $0 | $18,099 | $205,191 |
32 people received more than $100,000 in reportable compensation from Inclusiv (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.2M (Part IX, line 5).
7 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b15 · 15 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 569
- Volunteers Part I, line 615
Largest outside contractors
2025 · Form 990, Part VII, Section B · businesses onlyIndividuals listed as contractors are left out. 7 contractors were paid more than $100,000 in all.
Private foundation grants it received
7 private foundations reported grants to Inclusiv totaling $4.0M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Inclusiv's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Inclusiv, you can publish a response that is linked from this page.
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Of every $100 Inclusiv spent in 2025, $93.00 went to programs. The full breakdown, from its IRS Form 990:
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All public & societal benefit charities · Largest charities in New York
Questions people ask
How much of Inclusiv's spending goes to programs?
In calendar year 2025, Inclusiv reported that 93.0% of its $22.8 million in expenses went to program services, 6.1% to management and general and 0.9% to fundraising (Form 990, Part IX).
How much does Inclusiv pay its top executive?
The largest total compensation Inclusiv reported for one person in calendar year 2025 was $345,483, for the role of PRESIDENT/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Inclusiv get its money?
Of $101.3 million in revenue in calendar year 2025, 91.8% came from contributions and grants (including 79.6% from government grants) and 8.2% from program service revenue (Form 990, Part VIII).
Is Inclusiv a registered charity?
The IRS lists EIN 11-2421972 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2025: Form 990 for calendar year 2025, object 202612579349300246 · read the filing
- 2024: Form 990 for calendar year 2024 (amended), object 202632579349301253 · read the filing
- 2023: Form 990 for calendar year 2023, object 202443209349302059 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333189349309958 · read the filing
- 2021: Form 990 for calendar year 2021, object 202213199349316326 · read the filing
- 2020: Form 990 for calendar year 2020, object 202103059349301070 · read the filing
- 2019: Form 990 for calendar year 2019, object 202023019349301267 · read the filing
All filings for EIN 11-2421972: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.