Financials

Thousand Currents’ finances flow from its growth and innovation.

Thousand Currents has experienced an excellent few years of steady and sustainable financial growth. From 2013 to 2016, our organizational revenue, institutional fundraising, and grantmaking have grown substantially, thereby increasing Thousand Currents’ impact by channeling even more resources to our grassroots partners.

Thousand Currents ended its fiscal year 2016* (unaudited) at just under $5 million in revenue. Moreover, to ensure long-term financial sustainability we grew our reserve fund, called the Baobab Fund.

Thanks to multi-year, flexible funding commitments from key institutional funders, as well as from our earned income strategies, we began FY17 with 100% of our core organizational costs covered. This means that giving from Thousand Currents’ loyal individual donors is able to go directly to programmatic work, i.e., our responsive grantmaking to visionary leaders and grassroots organizations in the Global South that are creating lasting solutions to their communities’ most pressing challenges.

 

Effective and Efficient

Overhead is a popular subject for a lot of donors. Who doesn’t want her gift to help the people?

Thousand Currents’ General and Administrative costs are 8.5% of our organizational budget, our Fundraising work is at 15%. Investing in these key operational functions of the organization, helps shepherd and prioritize our grantmaking to effective grassroots organizations that are doing the work on the ground.

Our effort to provide meaningful change in the world requires that Thousand Currents cultivate a strong infrastructure, whether that means having the resources to hire competent financial and philanthropic leaders, to ensuring our digital assets are secure within an increasingly insecure cyber climate, to simply taking care of our staff with adequate physical and mental health benefits.

All of these aspects of Thousand Currents are no separate from the values and beliefs we embody in our programmatic work and what makes us the most effective organization at exchanging grassroots brilliance.

 

Thousand Currents’ Audits

*Note: Thousand Currents changed its name from IDEX in 2016.
**Thousand Currents’ fiscal year runs from July 1 to June 30.

 

Thousand Currents’ 990 Filings

*Note: Thousand Currents changed its name from IDEX in 2016.

 

Annual Publications and Case Statements

*Note: Thousand Currents changed its name from IDEX in 2016.