Our finances
Here are our full financial details – how we’re funded and who we’re funded by.
Funding
As a non-profit, much of our funding is restricted to covering the costs of specific programmes; the reduced expenditure on these programmes in 2020 meant that we also recognised less income for the year, as less was needed to cover the programme costs. In a challenging environment of changing donor priorities, we retained support from the vast majority of our funders. In fact, the number of funders supporting our work grew from 20 in 2019 to 21 this year. DI continued to deliver on its main projects, and we secured additional grants from the New Venture Fund and the William and Flora Hewlett Foundation to support the development of our new strategy.
Development Initiatives Poverty Research Ltd: Income in 2020 – £5.2 million
Expenditure
Our expenditure fell by £610,568 from 2019 to 2020. This drop was driven in part by professional services, in which a number of consultancies finished. These included the work of our founders on P20, which came to an end in 2019, and our collaboration with Publish What You Fund on the Grand Bargain.
As the Covid-19 pandemic prevented travel, we found innovative ways to manage our projects and engage with stakeholders online.
Unsurprisingly, there was a dramatic decrease in our travel costs.
In 2020, as in previous years, our highest expenditure was on staff costs; we continued to invest in our people, and ensured that DI has access to the expertise that is vital to achieving our mission.
Development Initiatives Poverty Research Ltd: expenditure in 2020 – £5.2 million
Development Initiatives Poverty Research Ltd – accounts
Our accounts for the past six years are below. For earlier accounts, please contact our finance team at finance.team@devinit.org.
DI International Ltd – accounts
Our accounts for the past six years are below. For earlier accounts, please contact our finance team at finance.team@devinit.org.