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Filing year 2024

MIFOS INITIATIVE

Crescent City, California·EIN 45-3613178·NTEE S30 · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$2.8M
Total assets
$617k
Total expenses
$2.9M
Reported officers
6
Mission

We provide education training and tools to enable charitable organizations and social enterprises to deliver financial services to the poor making financial inclusion more affordable accessible and effective to the 3 billion underbanked and unbanked in the world.

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations in California.

President CEO
25th percentile to median
$121k
$128k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 5 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at MIFOS INITIATIVE equaled 4% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2024)
4%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 10%
from 2023

From $110k in 2023 to $121k in 2024.

$110k
2023
$121k
2024
In today's dollarsEst.
Up 7% in real terms$120k to $128k

Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 10% from 2023 to 2024, while revenue rose 2%.

$110k in 2023 to $121k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about MIFOS INITIATIVE

What does the Chief Executive Officer of MIFOS INITIATIVE earn?

In 2024, the Chief Executive Officer of MIFOS INITIATIVE received $120,680 in total compensation. This pay is below the median (the midpoint) for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in California, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at MIFOS INITIATIVE compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations in California, the 2024 pay of the Chief Executive Officer at MIFOS INITIATIVE falls between the 25th percentile and the median. In 2024, the highest total compensation at MIFOS INITIATIVE equaled 4% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are MIFOS INITIATIVE's revenue and expenses?

In 2024, MIFOS INITIATIVE reported $2.8M in total revenue and $2.9M in total expenses on its IRS Form 990.

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