Happy Summer: Donate to a Top-Rated Hunger & Food Policy Cha...
Happy Summer: Donate to a Top-Rated Hunger & Food Policy Cha...
Jun 17, 2024
Happy Summer 2024 from CharityWatch! ...
Happy Summer 2024 from CharityWatch! ...
Top-Rated Charity
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Ratings & Metrics
Financial Documents
| Entity | Document Type | Tax ID |
|---|---|---|
| The Global Hunger Project and Affiliates | Consolidated Audited Financial Statements | Multiple |
| The Global Hunger Project | IRS Form 990 | 94-2443282 |
|
Entity: The Global Hunger Project and Affiliates Document Type: Consolidated Audited Financial Statements Tax ID: Multiple |
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Entity: The Global Hunger Project Document Type: IRS Form 990 Tax ID: 94-2443282 |
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.
Top Salaries
| Name | Title | Compensation | |
|---|---|---|---|
| 1 | Timothy Prewitt | Chief Executive Officer | $366,843 |
| 2 | Kosha Shiswawala | Chief Financial Officer | $273,712 |
| 3 | Jenna Recuber | Global VP | $256,420 |
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1 Name: Timothy Prewitt Title: Chief Executive Officer Compensation: $366,843 |
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2 Name: Kosha Shiswawala Title: Chief Financial Officer Compensation: $273,712 |
|
3 Name: Jenna Recuber Title: Global VP Compensation: $256,420 |
Analysts' Notes
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.
CharityWatch's rating of The Hunger Project (THP) includes the financial activities of the affiliated "Program Country" entities in Africa, South Asia and Latin America consolidated in THP's audited financial statements for the year ended December 31, 2024. Consolidation of the Program Country entities "is required since the entities are related through shared economic interest, board members, and management," according to Note 2 of the THP 2024 audit. All significant intercompany transactions and balances between The Global Hunger Project and its Program Country entities have been eliminated in consolidation. |
According to The Global Hunger Project (THP) consolidated audit of December 31, 2024 (Note 3, Summary of Significant Accounting Policies, Revenue Recognition): THP received donated legal services during fiscal 2024 on which it placed a total value of $414,388. [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 Global Hunger Project (THP) consolidated audit of December 31, 2024 (Note 12, Commitment – Retirement Contract): "THP has a postretirement contract with the founding president. Under the terms of this agreement, the founding president will receive $100,000 per year in exchange for part-time services rendered. Payments shall continue until the earlier of death or failure to comply with the conditions of the agreement, specifically to not provide services as an employee, officer, or director, nor to participate in any fundraising activities for an entity with goals, objectives, and methods similar to THP." "THP has a life insurance policy on the founding president. THP pays the premiums and is the sole beneficiary on the policy. Total cash surrender value of the policy at December 31, 2024 and 2023 was $1,780,812 and $1,718,307, respectively..." |
According to The Global Hunger Project (THP) consolidated audit of December 31, 2024 (Audit Note 15, Discontinued Microfinance Programs): "Throughout its Epicenter Strategy in Africa, The Hunger Project implements the Microfinance Program (MFP), whose overall objective is to economically empower rural Africa[n] women (primarily) and men, ultimately to reduce poverty for entire communities. To achieve this goal, The Hunger Project promotes sustainable access to basic financial services, including savings and loans. By providing Rural Bank participants with adequate training, instilling the importance of saving, and providing small loans, the MFP enables participants to engage in income-generating activities and increase long-term investment in themselves, their families, and their communities... ...The corresponding value of net assets of Mozambique's microfinance program amounting $38,404 was written off in 2024. As of December 31, 2024, THP no longer operates microfinance program." |