Celebrating 30 years of helping you give wisely
America's most independent,
assertive charity watchdog
Top Rated

Girls Incorporated (National Office)

CharityWatch report issued
October 2022

Top-Rated Charity
A
CharityWatch Grade
Our independent grade based
on a number of factors.
 
83%
Program Percentage
Amount spent on programs
relative to overhead.
 
$14
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

Girls Incorporated (National Office)
120 Wall Street
New York, NY 10005

Other Names

Girls Inc.

Tax Status

501(c)3

Stated Mission

Inspires all girls to be strong, smart, and bold through direct service and advocacy.

View similar charities
Data based on Fiscal Year Ended 03/31/2021

Program Percentage: 83%

The percentage of Girls Incorporated (National Office)'s cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$15,000,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $14

How many dollars Girls Incorporated (National Office) spends on fundraising to raise each $100 of contributions.

$14,000,000

Calculated Total Contributions

(rounded)

Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
Girls Incorporated Audited Financial Statements 13-1915124
Girls Incorporated IRS Form 990 13-1915124
Entity: Girls Incorporated
Document Type: Audited Financial Statements
Tax ID: 13-1915124
Entity: Girls Incorporated
Document Type: IRS Form 990
Tax ID: 13-1915124

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
This charity is Top-Rated
What does it mean to be Top-Rated?
 
Girls Incorporated (National Office)
meets governance benchmarks.
 
Girls Incorporated (National Office)
meets transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy Opt-Out Policy  

  Name Title Compensation
1 Stephanie Hull President/CEO $368,415
2 Patricia Driscoll COO $225,844
3 Lara Kaufmann Director of Public Policy $185,183
1
Name: Stephanie Hull
Title: President/CEO
Compensation: $368,415
2
Name: Patricia Driscoll
Title: COO
Compensation: $225,844
3
Name: Lara Kaufmann
Title: Director of Public Policy
Compensation: $185,183

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

According to the Girls Incorporated audit of March 31, 2021 (Note 1 re: In-kind Contributions), Girls Inc. received in-kind contributed services in fiscal 2021 on which it placed a total value of $75,481, including $28,114 in donated advertising services and $47,367 in donated legal, consulting and IT services.

[Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.]

According to the Girls Incorporated audit of March 31, 2021 (Note 13, Related Party Transactions):

"Girls Inc. has affiliates that serve as local chapters of Girls Inc. Girls Inc. has no ownership or voting interests in these local chapters. However, affiliation agreements between the local chapters and Girls Inc. give Girls Inc. control over how the chapters carry out certain activities and require the payment of affiliate dues to Girls Inc. Girls Inc. recognized dues revenue from affiliates of $618,873 and $605,124 for the years ended March 31, 2021 and 2020, respectively... Girls Inc. provided funding to affiliates of $4,983,044 and $4,537,926 for the years ended March 31, 2021 and 2020, respectively..."


[Note: CharityWatch's rating of Girls Incorporated is for the national office and does not include the financial activities of the Girls Incorporated affiliates, "each of which has its own independent board of directors and maintains separate accounts," according to Note 1 of the Girls Incorporated fiscal 2021 audit.]

According to the Girls Incorporated audit of March 31, 2021 (Note 9, Debt and Credit Arrangements):

"On April 14, 2020, Girls Inc. received loan proceeds of $839,490 under the Paycheck Protection Program (PPP) established as part of the Coronavirus Aid, Relief and Economic Security Act (CARES Act). PPP loans, including accrued interest, are forgivable as long as Girls Inc. used the proceeds for eligible purposes, including payroll, benefits, rent and utilities. Under the PPP, the amount of forgiveness is reduced if the entity terminates employees or reduces salaries during the covered period. Girls Inc. believes it used the proceeds for purposes consistent with the PPP and has received forgiveness from the bank. Girls Inc. recognized a gain on loan forgiveness upon legal release of the obligation by the bank on January 19, 2021."

According to the Girls Incorporated audit of March 31, 2021 (Note 14, Uncertainty Related to Coronavirus):

"On January 30, 2020, the World Health Organization declared a global health emergency over the novel coronavirus known as COVID-19. The extent of the impact of COVID-19 on Girls Inc.'s operational and financial performance will depend on certain developments, including the duration and spread of the outbreak and the impact on its networks of affiliates, employees and ability to provide programming, all of which are uncertain and cannot be predicted. The outbreak has adversely affected global market activity and caused increased volatility and uncertainty in financial markets. Because of the value of Girls Inc.'s individual investments and funds held by trustees have and will fluctuate in response to changing market conditions, the amount of losses that will be recognized in subsequent periods, if any, cannot be determined. The ultimate impact of the outbreak to Girls Inc.'s financial results and operations cannot be determined at this time; however, management is taking actions to mitigate the impact of the outbreak to Girls Inc."


Related External Articles