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Nonprofit · EIN 13-3240109

FINCA INTERNATIONAL INC

Tax-exempt · WASHINGTON, DC 20005

Financials

$38.7M$28.3M2023$42.5M$38.7M2024
Revenue Expenses · by fiscal year end
Financials of FINCA INTERNATIONAL INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$42,466,280$38,701,520$3,764,760$252,090,284$94,184,220$157,906,064
December 31, 2023990$38,721,345$28,320,861$10,400,484$232,868,784$76,335,169$156,533,615
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$21,622,315
Program service revenue
$19,119,211
Investment income
$484,202
Net rental income
-$52,638
Net income from sales of inventory
$1,293,190
Other revenue
$1,240,552

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$1,420,908
Other salaries and wages
$7,933,547
Salaries, compensation and benefits (total)
$12,062,403
Professional fundraising fees
$0
Legal fees
$202,690
Accounting fees
$195,158
Occupancy
$731,769
Travel
$957,718
Depreciation
$1,000,798
Program services (functional)
$31,530,940
Management and general (functional)
$2,694,652
Fundraising (functional)
$4,475,928

Balance sheet and other

Total assets, start of year
$232,868,784
Total assets, end of year
$252,090,284
Total liabilities, end of year
$94,184,220
Net assets, end of year
$157,906,064
Land, buildings and equipment
$529,112
Net assets without donor restrictions
$155,869,740
Net assets with donor restrictions
$2,036,324
Gross receipts
$44,097,919
Employees
44
Volunteers
12
Year formed
1984
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
P DANIEL SMITHGENERAL COUNSEL
Highest-paid employee
40$0$376,543$74,564
ANDREE SIMONPRESIDENT & CEO
Officer
40$0$388,701$45,832
COLLEEN ZAKREWSKYSVP, DEVELOPMENT & EXTERNAL RELATIONS
Key employee
40$279,982$0$41,738
SETH SPIROCHIEF PRODUCT AND CUSTOMER OFFICER
Highest-paid employee
40$0$232,612$31,960
STEFAN GRUNDMANNCHIEF OPERATING OFFICER
Officer
40$240,210$0$17,581
DREW BOSHELLEXECUTIVE DIRECTOR AFFILIATE
Highest-paid employee
40$226,846$0$29,337
KUO-WEI WANGCHIEF FINANCIAL OFFICER
Officer
40$216,130$0$26,579
KWASI DONKORMANAGING DIRECTOR - POVERTY ERADICATION LAB
Highest-paid employee
40$203,712$0$37,498
SCOTT GRAHAMVP OF CUSTOMER RESEARCH
Highest-paid employee
40$197,346$0$35,818
JULIE HOUSERDIRECTOR/DR. OF PEOPLE OPS & HR
Trustee or director
45$113,272$0$52,562
JOHN HATCHDIRECTOR
Trustee or director
5$70,028$0$0
AGRINA MUSSADIRECTOR
Trustee or director
5$0$0$0
AVANTHI SHAHDIRECTOR
Trustee or director
5$0$0$0
CATHERINE MOHRDIRECTOR (UNTIL 9/2024)
Trustee or director
5$0$0$0
CHARLES TREVAILDIRECTOR
Trustee or director
5$0$0$0
7 more people on this return
NameTitleHours / weekCompensation
DAN GREENDIRECTOR
Trustee or director
5$0
DAVID WEISMANDIRECTOR/BOARD CHAIRMAN
Trustee or director
5$0
ERIC CHERNDIRECTOR
Trustee or director
5$0
JOHN ELKINSDIRECTOR
Trustee or director
5$0
JORDAN GREENAWAYDIRECTOR
Trustee or director
5$0
RICHARD WILLIAMSONDIRECTOR
Trustee or director
5$0
SHAWN HASSELDIRECTOR
Trustee or director
5$0
990 for the year ended December 31, 2023: 23 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
ANDREE SIMONPRESIDENT & CEO (AS OF 1/23)
Officer
25$0$356,605$40,143
RUPERT SCOFIELD DECD 1122FORMER PRESIDENT & CEO
Former
0$375,300$0$0
COLLEEN ZAKREWSKYSVP, DEVELOP & EXT. RELATIONS
Key employee
40$267,318$0$37,524
OMER IMTIAZUDDINMANAGING DIRECTOR - FINCA VENTURES
Highest-paid employee
40$250,125$0$6,364
STEFAN GRUNDMANNCHIEF OPERATING OFFICER
Highest-paid employee
40$215,340$0$35,126
DREW BOSHELLEXECUTIVE DIRECTOR AFFILIATE
Highest-paid employee
40$219,910$0$25,963
KUO-WEI WANGCHIEF FINANCIAL OFFICER (AS OF 1/23)
Officer
40$203,890$0$18,304
SCOTT GRAHAMVP OF CUSTOMER RESEARCH
Highest-paid employee
40$187,903$0$32,691
ZEENIA IRANISENIOR DIR. - STRATEGIC INITIATIVES
Highest-paid employee
40$160,516$0$12,265
JULIE HOUSERBOARD MEMBER/DIR. OF PEOPLE OPS & HR
Trustee or director
40$102,548$0$46,558
JOHN HATCHDIRECTOR
Trustee or director
5$72,943$0$0
AGRINA MUSSADIRECTOR
Trustee or director
5$0$0$0
AVANTHI SHAHDIRECTOR
Trustee or director
5$0$0$0
CATHERINE MOHRDIRECTOR
Trustee or director
5$0$0$0
CHANDRESH HARJIVANDIRECTOR
Trustee or director
5$0$0$0
CHARLES TREVAILDIRECTOR
Trustee or director
5$0$0$0
DANIEL GREENDIRECTOR
Trustee or director
5$0$0$0
DANIELA MIELKEDIRECTOR
Trustee or director
5$0$0$0
DAVID WEISMANDIRECTOR/CHAIRMAN
Trustee or director
5$0$0$0
JOHN ELKINSDIRECTOR
Trustee or director
5$0$0$0
JORDAN GREENAWAYDIRECTOR
Trustee or director
5$0$0$0
RICHARD WILLIAMSONDIRECTOR
Trustee or director
5$0$0$0
SHAWN HASSELDIRECTOR
Trustee or director
5$0$0$0

Address and contacts

Address (IRS master file)
1301 K ST NW STE 300W, WASHINGTON, DC 20005-7043
In care of
% KUO-WEI WANG
Principal officer (990 for 2024)
KUO-WEI WANG, 1301 K St NW Suite 300W, WASHINGTON, DC 20005
Signed the 990
KUO-WEI WANG, CHIEF FINANCIAL OFFICER
Phone
(202) 682-1510
Return prepared by
BDO USA

Mission

FINCA ends poverty through sustainable and scalable solutions inspired by the insights and needs of people in the communities where they live and work.

990 for the year ended December 31, 2024

Program accomplishments

  • FINCA Kosovo - FINCA Kosovo has been operating for over 25 years and adheres to FINCA International's mission of ending poverty through sustainable and scalable solutions inspired by the insights and needs of people in the communities where they live and work. FINCA Kosovo, managed under FINCA Impact Network (FIF), is an unconventional community-based bank that profitably and responsibly provides innovative and impactful financial services that enable low-income individuals and communities to invest in their futures. In 2024, FINCA Kosovo provided financial services through 32 branches and served about 34,569 clients. The products and services offered included agriculture and business loans, women start-up loans, loans for home improvement, car purchase and registration financial facilities. Small business owners and farmers comprised the majority of its customers. The gross portfolio was $104 million US Dollars, with $98 million disbursed though 26,463 loans. The average loan size was of $3,690 US Dollars, and female borrowers represented 33.1% of the total clientele. FINCA Kosovo is also committed to serving the community through Social Responsibility activities underscoring their belief that environmental consciousness, ethical business practices, philanthropy, and economic empowerment are interconnected components that collectively contribute to a sustainable and socially responsible business model. Specifically, activities carried out through this subsidiary in 2024 included: training targeted to clients' groups across the country through its Learning and Development Center, participating in the traditional Honey Fair, forging the collaboration with the Autism Association, hosting internship programs, hosting the spring career fair, and becoming a member of the CSR Kosovo community. FINCA Kosovo is certified by the SMART Campaign for 'Customer Protection MicroFinanza Rating (MFR) with Client Protection Certification. Both of these recognitions reflect FINCA Kosovo's commitment to continue upholding industry-leading client protection standards in providing responsible finance and high ethical standards in the treatment of its clients.
    Expenses $14,251,524 · revenue $19,471,323
  • 361 by FINCA - Overview: 361 by FINCA is a digital B2B technology platform re-inventing microfinance. By leveraging event-based architecture and smart contract technology, 361 by FINCA enables financial service providers to digitize their operations and deliver configurable, low-cost credit products. This increases the relevance and reach of financial service providers, ultimately unlocking opportunity for the millions of micro-entrepreneurs who are currently held back by lack of access to affordable productive credit. 361 empowers providers to introduce new products (renewal loans, micro-insurance) and features (repayment holidays, cashback incentives) more quickly, while reducing operating costs. This makes credit simpler and more affordable - especially for women and smallholder farmers - empowering them to grow their businesses, build financial health, and create sustainable livelihoods for their families and communities. 2024 Milestones: In 2024, 361 by FINCA reached several key milestones. Ikigai Digital was selected as the platform build partner after a competitive review of nine system integrators, and 361 by FINCA leadership recruitment progressed to near completion, including the search for a Chief Technology Officer. Loan product pilots were initiated and monitored in Malawi, Uganda, and Zambia to eventually be coded as smart contracts onto the 361 Platform. Further, pre-build planning activities were completed, including defining agile workflows, MVP definitions, and build squad planning. Fundraising efforts also advanced to secure resources for both proof of concept and future scale, with active engagement of global donors and development finance institutions. Plan for 2025: Looking ahead, 361 will build and launch its platform MVP in partnership with Ikigai Digital, and potential partner Thought Machine Vault. The Platform will first launch in FINCA Malawi, with expansion planned to additional FINCA subsidiaries in Sub-Saharan Africa and to third-party partners. The MVP will digitize loan origination and renewal for individual and group customers, while establishing the differentiated architecture needed for faster product and feature innovation. In addition to building core platform capabilities and systems integrations, the team will be focused on operating model and regulatory engagement to ensure sustainable adoption.
    Expenses $2,487,951
  • FINCA Impact Finance - Microfinance is a source of personal empowerment and an essential tool for economic mobility. For almost four decades, FINCA International (FINCA) has set the standard for what is possible in empowering low-income people to take control of their financial futures. As the founder and majority owner of FINCA Impact Finance (FIF), a network of 13 sustainable leading microfinance institutions and banks in Asia, Europe, Africa, and Latin America, FINCA provides access to responsible financial solutions that help low-income families create jobs, build assets, educate their children and improve their standard of living. Considering that as of 2027, nearly 1.7 billion adults around the world could remain financially excluded without access to useful and affordable financial products and services delivered in a responsible and sustainable way, FINCA remains committed to the advancement of financial inclusion in some of the most challenging markets in the world, in remote areas that many commercial providers can't or won't reach. Today, FIF offers a variety of products and services for individuals and groups. Worldwide, millions of entrepreneurs rely on FIF's commitment to consumer protection and an unmatched customer experience to help them build a better future for themselves, their families, and their communities. Through the Network, FINCA has reached 1.9 million customers, a $630 million USD loan portfolio, and $274 million USD deposits. According to FINCA's clients, FIF's products have helped improve their financial situation, increased their earnings, and grow their non-cash assets. During 2024, $1.1 billion US Dollars were disbursed across FIF's Network through 14.5 million loans. The total gross portfolio increased to $698.5 million US Dollars. Out of all the borrowers in that same year, 40.6% were women, confirming that this group continues to be at the heart of FINCA. Furthermore, the Network reported 3.5 million clients comprised by voluntary savers, group loans borrowers, and individual borrowers. A breakdown of number of clients per subsidiary follows below: Africa DRC: 331,260 Malawi: 163,710 Nigeria: 7,250 Tanzania: 825,583 Uganda: 150,007 Zambia: 22,674 Eurasia Armenia: 21,612 Azerbaijan: 32,957 Kyrgyzstan: 261,963 Tajikistan: 63,805 Latina America & The Caribbean Guatemala: 16,179 Haiti: 304 Middle East & South Asia Jordan: 18,991 Pakistan: 1,569,829
    Expenses $2,176,774 · revenue -$757,176
  • ALL OTHER PROGRAM EXPENSES
    Expenses $9,815,247 · revenue $301,765
  • FINCA PLUS PROGRAM EXPENSE
    Expenses $1,582,352
  • FINCA Ventures - FINCA Ventures invests in early-stage companies that provide transformative products/services that support women, smallholder farmers, families on the margins, and microbusinesses in low-income communities across Sub-Saharan Africa. At present, FINCA Ventures has investments in health, fintech, agriculture, livelihoods, energy, education, water and sanitation. FINCA Ventures supported 26 portfolio companies that delivered life-enhancing products and services in 39 countries globally in 2024. IGNITIA: 3,128,851 users received access to local weather forecasts in West Africa, Kenya and Brazil. EAST AFRICA FRUITS: 25,090 smallholder farmers connected to 8,910 small, informal vendors in Tanzania, allowing for both groups to improve their incomes. GOOD NATURE AGRO: 21,999 smallholder farmers (45 percent of whom are female) reached in Zambia and Malawi. MERIDIA: 20,176 hectares mapped for 18,381 smallholder farmers across Ghana, Cote D'Ivoire and Indonesia. YYTZ: 911 smallholder farmers (65 percent of whom are female) received higher cashew prices in Tanzania. KUUNDA: 173M loans, totaling $965M, to over 5.5M registered mobile money agents and consumers in Tanzania, Uganda, and Malawi. KWARA: 149 SACCO / Credit Union clients fully digitized serving 161,703 end users in Kenya. MDAAS GLOBAL: 144,186 patients (60 percent of whom are female) gained affordable diagnostic services in Nigeria. SISU GLOBAL: Increased geographic scope by selling the Hemafuse device through distribution partners in Kenya, Uganda, Tanzania, Liberia, Ghana, and Ukraine hospitals to be used in surgeries to recycle a patient's own blood. SANIVATION: 527 metric tons of fecal sludge converted to fuel substitutes, saving 9,473 trees in Kenya. JIBU: 171M liters of clean water provided to customers and 1,620 jobs supported through 231 franchises in East Africa and Ghana. AMPED INNOVATION: 27,743 families benefited from 3,298 mWh of clean energy in Sub-Saharan Africa. PENDA: 159,883 patient visits at one of 16 affordable primary care clinics in Kenya. FLOATPAYS: 38,679 employees provided with early wage access in South Africa. RICULT: 1.3M smallholder farmers in Pakistan, Thailand and Vietnam use the Ricult farmer app to access satellite imagery, weather and soil maps to make better decisions on their farms and access input financing. CINCH: 236 smallholder farmers leased land to Cinch to earn a more stable income and increase the productivity of their land and an average of 902 casual workers supported field operations on a monthly basis. CHANZI: 7,847 MT of food waste processed using black soldier flies to produce nutritious protein for animal feed used by farmers and feed processors in Tanzania and Kenya, supporting 130 full-time employees across sites. KENTASTE: 5,812 smallholder farmers (29 percent of whom are female) received consistent access to market for their coconuts in Kenya. CASSVITA: 2,413 smallholder cassava farmers (93 percent of whom are female) saw an average increase in income of 400% and a post-harvest loss reduction from 40 to 5% after selling to CassVita in Cameroon. RISING ACADEMIES: 269,083 students across 926 schools in Sierra Leone, Ghana, Liberia, Rwanda, Uganda provided access to affordable, quality education. BANKINGLY: 120 small and medium size financial institutions with a registered customer base of 843,271 provided with digital banking channels in over 20 countries globally. ELUCID: 6,440 smallholder farmer households provided with access to affordable health care in Ghana, Madagascar, Venezuela and Ecuador. LAPAIRE: 76,354 customers (46 percent women) received access to glasses across 90 optical shops in Cote D'Ivoire, Togo, Burkina Faso, Uganda, Benin, and Mali. RELEAF: 290 palm nut suppliers (24 percent women) provided with consistent access to market in Nigeria. AFFINITY AFRICA: 45,880 underserved and unbanked customers received access to financial services in Ghana. FLUID Finance: 1,403 smallholder farmers (51 percent women) provided with consistent access to market and to financial services in Ghana.
    Expenses $1,217,092 · revenue $103,299

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
13-3240109
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1986
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$252,090,284
Income (IRS master file)
$44,097,919

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$42,466,280$38,701,520$252,090,284XML
990-TDecember 2024–––IRS
990December 2023$38,721,345$28,320,861$232,868,784XML
990-TDecember 2023–––IRS
990December 2022$21,106,368$25,961,621$202,859,661IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3240109).

Questions about FINCA INTERNATIONAL INC

What is the EIN of FINCA INTERNATIONAL INC?
The employer identification number (EIN) of FINCA INTERNATIONAL INC is 13-3240109.
Is FINCA INTERNATIONAL INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
Are donations to FINCA INTERNATIONAL INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FINCA INTERNATIONAL INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of FINCA INTERNATIONAL INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FINCA INTERNATIONAL INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of FINCA INTERNATIONAL INC?
The 990 for the year ended December 31, 2024 names KUO-WEI WANG.
Who are the officers and directors of FINCA INTERNATIONAL INC?
The 990 for the year ended December 31, 2024 lists 22 people; 8 received compensation from the organization.
How much revenue does FINCA INTERNATIONAL INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $42,466,280, expenses of $38,701,520 and total assets of $252,090,284 at year end.

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