Financial Services Volunteer Corps Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
SEE SCHEDULE O
- Income
- $11.0 million
- Spending
- $10.7 million
- Spent on programs
- 83%
- Reserves
- 3.9 months of spending
- Largest source of income
- government grants, 93%
- Employees
- 16
- Volunteers
- 135
- Highest pay
- $719,999, president and ceo
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 65 out of 100. Higher than 39% of charities in its peer group (international, $10m to $100m).
Reserves
20 of 35Spendable reserves would cover 3.9 months of spending.
Debt
5 of 20It owes 60% of what it owns.
Living within its means
15 of 15Income exceeded spending by 3% of income.
Income trend
10 of 15Income fell 6% on the year before.
Spending floor
15 of 1583% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 35% of charities in its peer group (international, $10m to $100m).
Independent board
25 of 2512 of 13 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- $2.3 million spent. NIGER (50) - WITH FUNDING FROM THE U.S. AGENCY FOR INTERNATIONAL DEVELOPMENT, FSVC LAUNCHED IN 2019 A PROGRAM FOCUSED ON THREE KEY OBJECTIVES: 1) HELPING CIVIL SOCIETY ORGANIZATIONS (CSOS) MORE ACTIVELY AND EFFECTIVELY HOLD THE GOVERNMENT ACCOUNTABLE AND BUILD DEMAND FOR TARGETED POLICY REFORMS AND IMPROVED GOVERNMENT IMPLEMENTATION; 2) ASSISTING KEY GOVERNMENT INSTITUTIONS IN BECOMING MORE ACCOUNTABLE TO CITIZENS AND MORE EFFECTIVE AND TRANSPARENT IN THEIR OPERATIONS; AND 3) CREATING AND/OR STRENGTHENING CONSTRUCTIVE ENGAGEMENT SPACES BETWEEN CITIZENS, CSOS AND THE GOVERNMENT, TO IDENTIFY AND IMPLEMENT TARGETED PRIORITY REFORMS. IN 2022, FSVC RECEIVED A COST-EXTENSION FOR ADDITIONAL PROGRAMMING FOCUSED ON WOMEN, PEACE AND SECURITY (WPS) THAT INCLUDED THE ADDITION OF A FOURTH OBJECTIVE: 4) WOMEN ARE VALUED ECONOMIC AGENTS CONTRIBUTING TO THEIR HOUSEHOLD'S ECONOMY AND COMMUNITY'S RECOVERY AND RESILIENCE TO CONFLICT AND EXTREMISM. IN 2023, FSVC COMPLETED A SERIES OF 48 LONG AND SHORT-TERM ACTIVITIES THAT INCLUDED: 1) PROVIDING SUPPORT TO THE MINISTRY FOR THE PROMOTION OF WOMEN AND PROTECTION OF CHILDREN IN THE IMPLEMENTATION OF THE WPS AGENDA; 2) TRAINING FOR LOCAL CSOS ON WOMEN LEADERSHIP; 3) TRAINING REGIONAL SECURITY COUNCILS ON ETHICS AND PROFESSIONAL CONDUCT; AND 4) LAUNCHING AND IMPLEMENTING SMALL GRANT PROGRAMS FOR CSOS IN NIAMEY, DIFFA AND TILLABERY, AMONG OTHER ACTIVITIES. (Expenses $ 4,853,542 including grants of $) THE OTHER FSVC'S PROGRAMS INCLUDED THE FOLLOWING: TUNISIA, ALBANIA (2 PROGRAMS), ANGOLA (DRL), TAJIKISTAN (2 PROGRAMS), IRAQ (2 PROGRAMS) ALGERIA, MAURITANIA/SENEGAL, MAURITANIA, PANAMA, CENTRAL AMERICA, COUNTER MALIGN INFLUENCE, PACIFIC ISLANDS, DRC/INL, INDONESIA, BALKANS & CYPRESS. TOTAL EXPENSES INCLUDED 8 NEW PROGRAM EXPENSES.
- $957,582 spent. WITH FUNDING FROM THE U.S. DEPARTMENT OF STATE-DRL, FSVC LAUNCHED IN AUGUST 2022 A 2.5-YEAR PROGRAM IN SUDAN (G455) TO HELP BUILD THE CAPACITY OF CSOS TO MONITOR THE EXTRACTIVE INDUSTRY SECTOR AND ADVOCATE FOR REFORM AND STRENGTHENED THE ABILITY OF MEDIA TO INVESTIGATE AND REPORT ON CORRUPTION IN THE SECTOR.
- $895,900 spent. ANGOLA/ESWATINI/LESOTHO/SOUTH AFRICA (48): WITH FUNDING FROM THE U.S. AGENCY FOR INTERNATIONAL DEVELOPMENT, FSVC LAUNCHED IN 2020 A PROGRAM FOCUSED ON THREE OBJECTIVES, WITH IMPLEMENTATION IN ANGOLA, ESWATINI, LESOTHO AND SOUTH AFRICA: 1) STRENGTHEN THE GOVERNANCE, ACCOUNTING AND PUBLIC FINANCIAL MANAGEMENT CAPACITY OF KEY GOVERNMENT INSTITUTIONS; 2) ENHANCE THE OVERSIGHT CAPACITIES OF KEY GOVERNMENT INSTITUTIONS AND CIVIL SOCIETY ORGANIZATIONS (CSOS) TO MINIMIZE FRAUD, WASTE AND ABUSE OF STATE RESOURCES AND REINFORCE TRANSPARENCY AND ACCOUNTABILITY; AND 3) CREATE A KNOWLEDGE-SHARING NETWORK TO CONNECT KEY GOVERNMENT INSTITUTIONS AND CSOS ACROSS THE REGION TO PROMOTE SOUTH-SOUTH LEARNING. IN 2023, FSVC COMPLETED A SERIES OF 22 ACTIVITIES THAT INCLUDED: 1) CONSULTATIONS WITH ESWATINI'S ANTI-CORRUPTION COMMISSION ON DEVELOPING A CORRUPTION RISK ASSESSMENT PLAN; 2) TRAINING IN ANTI-MONEY LAUNDERING FOR SOUTH AFRICA'S NATIONAL PROSECUTING AUTHORITY; 3) TRAINING IN LESOTHO IN CSO-GOVERNMENT COLLABORATION TO INCREASE TRANSPARENCY AND ACCOUNTABILITY; AND 4) TRAINING FOR THE MINISTRY OF HEALTH OF ANGOLA IN PROCUREMENT PROCEDURES IN THE HEALTH SECTOR. (Expenses $ 4,853,542 including grants of $) THE OTHER FSVC'S PROGRAMS INCLUDED THE FOLLOWING: TUNISIA, ALBANIA (2 PROGRAMS), ANGOLA (DRL), TAJIKISTAN (2 PROGRAMS), IRAQ (2 PROGRAMS) ALGERIA, MAURITANIA/SENEGAL, MAURITANIA, PANAMA, CENTRAL AMERICA, COUNTER MALIGN INFLUENCE, PACIFIC ISLANDS, DRC/INL, INDONESIA, BALKANS & CYPRESS. TOTAL EXPENSES INCLUDED 8 NEW PROGRAM EXPENSES.
- $4.9 million spent. THE OTHER FSVC'S PROGRAMS INCLUDED THE FOLLOWING: TUNISIA, ALBANIA (2 PROGRAMS), ANGOLA (DRL), TAJIKISTAN (2 PROGRAMS), IRAQ (2 PROGRAMS) ALGERIA, MAURITANIA/SENEGAL, MAURITANIA, PANAMA, CENTRAL AMERICA, COUNTER MALIGN INFLUENCE, PACIFIC ISLANDS, DRC/INL, INDONESIA, BALKANS & CYPRESS. TOTAL EXPENSES INCLUDED 8 NEW PROGRAM EXPENSES.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since August 1990.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
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