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The Boma Project
The Boma Project reported $7.3 million in revenue and $10.2 million in expenses for calendar year 2025. Of every $100 it spent, $87.50 went to program services, $6.97 to management and general costs and $5.53 to fundraising. Its largest source of revenue was contributions and grants: 96.9% of the total. Government grants made up 19.1%. The highest compensation it reported for one person was $263,084 (TREASURER &). 4 people received more than $100,000 in reportable compensation. Revenue rose 52% between FY2020 and 2025. Source: Form 990, 2025.
Where $100 of spending went
Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $10MFor context, the median across 469 covered international, foreign affairs & national security charities: $89.04 programs, $8.28 management, $2.68 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 $7.3MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.5% | 86.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 7.0% | 8.0% |
| Fundraising Part IX 25(D) ÷ 25(A) | 5.5% | 2.6% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.08 | $0.03 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 96.9% | 96.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 19.1% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $263,084 | $341,362 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.59% | 1.06% |
| People paid over $100,000 Part VII, line 2 | 4 | 10 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 7.7 | 7.5 |
| Independent voting board members Part VI 1a–1b | 11 of 11 | 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 expenseThe rural entrepreneur access project ("reap") is an innovative, data driven, high-impact, gender focused poverty graduation program that targets ultra-poor women at the epicenter of extreme poverty, climate change and the true "last mile" of economic and social-isolation. Through a two-year process of sequenced interventions - including a cash transfer to start a small business, financial and life skills training, mentoring, and a savings program - reap helps the poorest and most vulnerable women establish savings to build their resilience to shocks and lift themselves and their families out…
Technical advisory - as a strategic partner and technical advisor to non- governmental organizations, boma leverages its expertise and conclusive evidence of impact to embed the graduation approach into humanitarian response systems in fragile states and regions. As a technical advisor to governments, boma supports the activities and processes that will lead to the adoption of the graduation approach into social protection systems, beginning with kenya
Education and advocacy - boma has a strong commitment to expand the knowledge of poverty graduation, livelihoods, gender programming, financial inclusion, and savings models by collaborating with research institutions and partners that can help US advance global knowledge of the unique challenges in the arid lands of africa. Boma continues to bring the issues of the most vulnerable populations in forgotten areas into global debate through publications and speaking engagements. In addition, boma conducts outreach with governments and other stakeholders in the poverty graduation field by…
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 |
|---|---|---|---|---|
| TREASURER & Officer, 40.00 hrs/week | $236,008 | $0 | $27,076 | $263,084 |
| VP/CHIEF IMP Officer, 40.00 hrs/week | $238,739 | $0 | $14,264 | $253,003 |
| SR. DIR. OF Highest compensated employee, 40.00 hrs/week | $173,349 | $0 | $46,864 | $220,213 |
| SENIOR FINAN Highest compensated employee, 40.00 hrs/week | $110,852 | $0 | $19,567 | $130,419 |
| INTERIM CEO Officer, 40.00 hrs/week | $39,000 | $0 | $0 | $39,000 |
4 people received more than $100,000 in reportable compensation from The Boma Project (Part VII, line 2). Compensation of current officers, directors and key employees totaled $555K (Part IX, line 5).
7 filings since FY2020
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–1b11 · 11 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 11aYes
- 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 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 510
Private foundation grants it received
12 private foundations reported grants to The Boma Project totaling $1.4M 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 The Boma Project's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Boma Project, you can publish a response that is linked from this page.
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Of every $100 The Boma Project spent in 2025, $87.50 went to programs. The full breakdown, from its IRS Form 990:
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All international, foreign affairs & national security charities · Largest charities in Vermont
Questions people ask
How much of The Boma Project's spending goes to programs?
In calendar year 2025, The Boma Project reported that 87.5% of its $10.2 million in expenses went to program services, 7.0% to management and general and 5.5% to fundraising (Form 990, Part IX).
How much does The Boma Project pay its top executive?
The largest total compensation The Boma Project reported for one person in calendar year 2025 was $263,084, for the role of TREASURER & (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Boma Project get its money?
Of $7.3 million in revenue in calendar year 2025, 96.9% came from contributions and grants (including 19.1% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).
Is The Boma Project a registered charity?
The IRS lists EIN 84-1671995 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 202612299349302676 · read the filing
- 2024: Form 990 for calendar year 2024, object 202511339349302436 · read the filing
- 2023: Form 990 for calendar year 2023, object 202433209349315948 · read the filing
- FY2022 (3 mo.): Form 990 for the 3-month short period ending December 31, 2022, object 202323199349312852 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202312099349300601 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202242109349301434 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202141689349301139 · read the filing
All filings for EIN 84-1671995: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.