financials

our transfer costs

GiveDirectly currently allows donors to transfer money to poor households in Kenya and Uganda. Based on performance to date we expect to put 90% of your donation into the hands of a recipient in Kenya and 87% in Uganda. Note that this definition of efficiency is different from the "program services" metric many nonprofits use. Because we commit to using your donation only for direct transfers, we spend 100% of your donation on program services.

Our transfer costs include two components: enrollment/follow-up costs and wire transfer costs. As of FY 2013 we enrolled and followed up with 1,560 households in Kenya at an average cost of $74, or 6.6% of total costs. We paid foreign exchange fees of 1.8% on average for Kenyan shillings and pay standard M-Pesa tariffs of 1.6% of the amount transferred. In Uganda, we enrolled and began to follow up our first 960 households at a cost of $121, paid foreign exchange fees of 0.9% for Ugandan shillings, and pay MTN and EzeeMoney tariffs of 1.7%. The figures above describe how we spend the money we receive. Depending on how you donate you may pay an additional service fee. For example, our credit card processor charges a fee of approximately 3%. We encourage donors who wish to avoid these fees to donate via check or wire transfer.

our marketing and set-up costs

As of FY 2013, GiveDirectly has spent a total of $63,690 on marketing our services to donors. In FY 2013, this included staff time ($25,601), domestic office expenses ($4,896) and other expenses like regulatory filings and IT ($3,193). We have also spent $91,134 on set-up for our domestic ($38,821) and field operations ($7,905 in Kenya and $44,408 in Uganda). Set-up costs include things like staff time, regulatory filings and legal fees, and equipment. We do not currently accept donations from the public in support of these activities.

financial statements

FY 2013 Annual Report

FY 2012 Annual Report

FY 2013 Federal Form 990

FY 2012 Federal Form 990

FY 2011 Federal Form 990

FY 2010 Federal Form 990