Americares Foundation
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Americares Foundation meets the 20 Standards for Charity Accountability.
Stated Purpose:
"to save lives and improve health for people affected by poverty and disaster so they can reach their full potential."
Year, State Incorporated:
1979, CT
Americares Foundation (Americares) reports that it pursues programming in three areas: medicine security, emergency programs, and health services. To improve health outcomes for patients and communities, Americares increases access to quality medicine and supplies for partner hospitals, clinics and medical teams. As reported by the charity, the organization also engages in emergency response work, responding to more than 30 natural disasters and humanitarian crises worldwide each year. Americares establishes long-term recovery projects and brings disaster preparedness programs to vulnerable communities. The organization also delivers and supports clinical services at their clinics and those of their partners to meet the most critical needs of the communities they serve. To reduce preventable illness, Americares supports, designs and implements disease prevention and health education efforts that link to treatment services at community clinics and hospitals.
For the year ended June 30, 2023, Americares Foundation's program expenses were:
| Medicine security | $1,350,993,000 |
| Emergency programs | $101,758,000 |
| Health services | $45,950,000 |
| Total Program Expenses | $1,498,701,000 |
Chief Executive
Christine Squires, President and Chief Executive Officer
Compensation*
$611,776
Chair of the Board
Susan Grossman
Chair's Profession / Business Affiliation
Executive Vice President of Marketing Services, Mastercard
Board Size
22
Paid Staff Size
848
*2022 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Direct mail appeals, Radio, Telemarketing, Foundation grants, Print advertisements, Corporate solicitation
Fundraising costs were 1% of related contributions. (Related contributions, which totaled $1,575,932,000, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Americares Foundation's audited financial statements for the year ended June 30, 2023.
Source of Funds
| Other revenue | $2,827,000 |
| Investment return, net | $4,281,000 |
| Contributed services, facilities and freight | $12,833,000 |
| Government grants | $15,985,000 |
| Contributions of cash and other financial assets | $78,235,000 |
| Donated medical and disaster supplies | $1,468,832,000 |
| Total Income | $1,576,036,000 |
Programs: 98% Fundraising: 1% Administrative: 1%
| Total Income | $1,576,036,000 |
| Total expenses: | $1,533,174,000 |
| Program expenses | $1,498,701,000 |
| Fundraising expenses | $20,613,000 |
| Administrative expenses | $13,860,000 |
| Other expenses | $0 |
| Income in Excess of Expenses | $42,862,000 |
| Beginning Net Assets | $312,995,000 |
| Other Changes In Net Assets | $7,000 |
| Ending Net Assets | $362,857,000 |
| Total Liabilities | $19,967,000 |
| Total Assets | $382,824,000 |
Note 1: In the above financial section, "other changes in net assets" represents a change value of split interest agreements.
Note 2: For the year ended June 30, 2023, Americares Foundation reported in-kind donations of $1,481,715,000 including donated medical and disaster supplies ($1,468,832,000) and contributed services, facilities and freight ($12,883,000).
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
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Standards Not Met
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Review in Progress
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Unable to Verify
Report completed by:
BBB Wise Giving Alliance