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Top Rated

One Acre Fund

CharityWatch report issued
May 2019

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

Contact Information

One Acre Fund
1954 First Street
Suite 183
Highland Park, IL 60035

Other Names


Tax Status


Stated Mission

To empower chronically hungry farm families in East Africa to lift themselves out of hunger and poverty; method is to work through self-help groups in rural villages to deliberately reach the most severely hunger-affected.

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Data based on Fiscal Year Ended 12/31/2017

Program Percentage: 89%

The percentage of One Acre Fund's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).


Calculated Total Expenses



Cost to Raise $100: $7

How many dollars One Acre Fund spends on fundraising to raise each $100 of contributions.


Calculated Total Contributions


Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources


Financial Documents

Entity Document Type Tax ID
One Acre Fund IRS Form 990 20-3668110
One Acre Fund and Subsidiaries Consolidated Audited Financial Statements Multiple
Entity: One Acre Fund
Document Type: IRS Form 990
Tax ID: 20-3668110
Entity: One Acre Fund and Subsidiaries
Document Type: Consolidated Audited Financial Statements
Tax ID: Multiple

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?
One Acre Fund
meets governance benchmarks.
One Acre Fund
meets transparency benchmarks.
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 No Sharing  

  Name Title Compensation
1 Anthony Kalm President $272,020
2 Matthew Forti Managing Director, U.S. Operations $207,228
3 Stephanie Hanson Senior VP, Policy & Partnerships $183,544
Name: Anthony Kalm
Title: President
Compensation: $272,020
Name: Matthew Forti
Title: Managing Director, U.S. Operations
Compensation: $207,228
Name: Stephanie Hanson
Title: Senior VP, Policy & Partnerships
Compensation: $183,544

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 One Acre Fund includes the financial activities of its U.S. entity based in Illinois. The rating also includes the financial activities of the One Acre Fund subsidiaries that are consolidated in its audited financial statements for the fiscal year-ended December 31, 2017. These subsidiaries include: One Acre Stichting (Netherlands); One Acre UK Limited (United Kingdom); One Acre Uganda, Ltd.; One Acre Fund, a trust/charity in Malawi; and One Acre Fund Limited (Myanmar). All significant intercompany transactions are eliminated in the audit consolidation.
According to the One Acre Fund consolidated audit of December 31, 2017 (Note 6, In-Kind Donations), the Organization received donated professional services in 2017 on which it placed a value of $604,493.

[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 One Acre Fund consolidated audit of December 31, 2017 (Note 14, Concentration of Foreign Operations Risk):

"Contributions are raised globally, with a majority within the U.S. The nature of the Organization's program activities is to supply agricultural inputs, training, and credit in foreign countries. While foreign operations risk is somewhat diversified across countries, and is actively managed by the Organization, it remains reasonably possible that operations outside the U.S. could be disrupted due to political, economic, or natural events, impacting the normal functioning of these programs. As of December 31, 2017...the Organization has assets outside the U.S. with a carrying value of $50,003,352...primarily across four countries in East Africa, with the largest concentration in Kenya, which contains $18,894,527...of the Organization's assets as of December 31, 2017..."
According to the One Acre Fund consolidated audit of December 31, 2017 (Note 18, Related Party Transactions):

"There is a Board member who is a related party of a vendor of the Organization. Management believes this transaction was developed at arm's length and all amounts paid to this vendor are at fair market value.

"The Organization grants permanent staff and staff members on fixed term contracts of more than twelve months in good standing the ability to take out a cash loan, salary advance or non-cash loans of input or equipment. Management believes these transactions are conducted at arm's length."

According to the One Acre Fund (OAF) 2017 tax filing, OAF reports re: Business Transactions Involving Interested Persons, a transaction in the amount of $87,699 involving James Mwangi, Board member (IRS Form 990, Schedule L, Part IV). The transaction is described as follows:

"Board member James Mwangi is a partner at Dalberg Advisors. Dalberg Advisors has been retained to conduct a strategic review of One Acre Fund. Dalberg Advisors was retained through a competitive process of evaluating proposals from multiple organizations...James Mwangi was involved in neither the preparation of the proposal nor the selection of Dalberg Advisors" (IRS Form 990, Schedule L, Part V).

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