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Fsg Inc

EIN 20-2776974 · Boston, MA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair55 out of 100GovernanceGood76 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

FSG IS AN INTERNATIONAL NONPROFIT SOCIAL ENTERPRISE WITH A MISSION OF ACCELERATING THE PACE OF SOCIAL PROGRESS THROUGH PHILANTHROPIC LEADERSHIP. FSG ACHIEVES ITS MISSION BY PROVIDING STRATEGY CONSULTING, PROGRAM EVALUATION, RESEARCH AND THOUGHT LEADERSHIP TO THE NONPROFIT AND PHILANTHROPIC COMMUNITIES.

Income
$14.1 million
Spending
$17.1 million
Spent on programs
85%
Reserves
3.9 months of spending
Largest source of income
fees for its services, 86%
Employees
68
Volunteers
288
Highest pay
$390,255, 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: 55 out of 100. Higher than 35% of charities in its peer group (community improvement, $10m to $100m).

  • Reserves

    20 of 35

    Spendable reserves would cover 3.9 months of spending.

  • Debt

    10 of 20

    It owes 35% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 21% of income.

  • Income trend

    10 of 15

    Income fell 8% on the year before.

  • Spending floor

    15 of 15

    85% of spending went to programs and raising each dollar of donations cost 20 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

Good: 76 out of 100. Higher than 10% of charities in its peer group (community improvement, $10m to $100m).

  • Independent board

    18 of 25

    4 of 4 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports 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)
  1. $2.4 million spent. COLLABORATIVES/COLLECTIVE IMPACTFSG'S 40+ PROJECTS THAT CENTER COLLABORATION AND COLLECTIVE IMPACT SPAN MANY GEOGRAPHIES. WE WORKED ON COLLECTIVE IMPACT FOR WORKERS AND JUST TRANSITION COLLABORATION IN BANGLADESH, SUPPORTED COLLABORATIVE EFFORTS FOR ECONOMIC MOBILITY IN A MAJOR U.S. CITY, AND DEVELOPED A STRATEGIC PLAN FOR A COLLECTIVE IMPACT FOCUSED NATIONAL ORGANIZATION AND FUNDER. ADDITIONALLY, WE PARTNERED WITH A US BASED NATIONAL FUNDER AROUND A COLLABORATIVE LEARNING COMMUNITY THAT CENTERS EQUITY IN THE WORKPLACE.
  2. $3.0 million spent. US HEALTH WITH NEARLY 20 US HEALTH FOCUSED PROJECTS, FSG'S 2024 PROJECTS TOUCHED ON MULTIPLE HEALTH ISSUES IN MULTIPLE STATES. WE WORKED ON SEVERAL PROJECTS WITH FOUNDATIONS FOCUSED ON COLLABORATIVE APPROACHES TO MENTAL AND BEHAVIORAL HEALTH IN THE MIDWEST AND MOUNTAIN WEST. OTHER PROJECTS INCLUDED MISSION MEASUREMENT WORK WITH A NATIONAL HEALTH ORGANIZATION AND STRATEGIC PLANNING FOR HEALTH-FOCUSED CORPORATE FOUNDATIONS.
  3. $3.0 million spent. ECONOMIC MOBILITY GLOBAL DEVELOPMENTFSG WORKED ON OVER 25 PROJECTS WITH AN ECONOMIC MOBILITY FOCUS IN 2024. WE CONDUCTED RESEARCH ON WORKER EXPERIENCES, UNREACHED EMPLOYEES, AND THE EFFECTS OF AI ON RETAIL AND OPPORTUNITY EMPLOYMENT. FSG LED ACTION LABS FOR EMPLOYERS TO HELP THEM LEARN FROM EACH OTHER AND PILOT NEW APPROACHES TO HIRING AND SUPPORTING ENTRY-LEVEL EMPLOYEES. WE ENGAGED WITH BOTH COMPANIES AND FOUNDATIONS IN PLACE-BASED WORK FOCUSED ON IMPROVING ECONOMIC MOBILITY OF COMMUNITIES IN SEVERAL CITIES WITHIN THE US AND CANADA, AND ENGAGED WITH GLOBAL COMPANIES AROUND PHILANTHROPIC WORK SUPPORTING JUST TRANSITION.
  4. $6.1 million spent. FSG COMPLETED NUMEROUS CUSTOMIZED CONSULTING PROJECTS, LEARNING COMMUNITIES, AND INNOVATIVE FIELD-BUILDING ACTIVITIES, AS WE WORKED TO FULFILL OUR MISSION TO CREATE A WORLD WHERE EVERYONE CAN LIVE UP TO THEIR FULL POTENTIAL. AS PART OF OUR FIELD-BUILDING ACTIVITIES, FSG AND ITS LEARNING COMMUNITIES (THE COLLECTIVE IMPACT FORUM AND TALENT REWIRE) HOSTED NUMEROUS VIRTUAL AND IN-PERSON EVENTS (WEBINARS, CONFERENCES, CONVENINGS) FOR SOCIAL IMPACT PRACTITIONERS, FUNDERS, AND BUSINESS LEADERS ON A VARIETY OF TOPICS. WE ALSO DEVELOPED AND PUBLISHED NEW RESEARCH AND TOOLS ON HOW TO ADDRESS SOCIAL PROBLEMS AND EVALUATE SOCIAL IMPACT, WHICH WE MAKE AVAILABLE FOR FREE ON OUR WEBSITES AS PDFS, PODCASTS, AND VIDEOS. OUR CONSULTING PROJECTS STRENGTHENED SOCIAL IMPACT STRATEGIES AND LEARNING OPPORTUNITIES ACROSS SECTORS.

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

  1. 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 October 13, 2026.

  2. 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 October 13, 2026.

  3. 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 October 13, 2026.

  4. 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 October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since February 2006.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. 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 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.