Financial accounts

General notes

  • This page is updated roughly once a year, most recently in May 2023.
  • For more information about where our money comes from, see our donors page.
  • All USD amounts on the page represent a consolidated figure for US and UK budget/spending.
    • From 2017 onwards, conversions from GBP to USD use the average of all daily exchange rates within the relevant year, except for the current year where conversions use the exchange rate on January 1.
    • We aren’t confident which exchange rates were used before 2017, due to a change in accounting systems.
  • Please email [email protected] if you have any questions about the contents of this page.

Current financial situation

You can find our most recent two-year review (2021-2022) here.

2023 budget

CostsBudget ($M)
Staff costs

3.82

Contractors

1.06

Grantmaking

0.35

Rent and office

2.46

Non-personnel costs

0.98

Travel and venues

0.19

Marketing

5.62

Sum

14.50

Notes:

  • These amounts are rounded, so may not add up exactly to the sum shown.
  • This budget was made at the start of 2023. We’ll report on actual expenditure when the the financial accounts for the year have been finalised and we next update this page. But, as of December 2023, we expect to underspend on the budget significantly, particularly as we had budgeted for moving offices (including paying a large deposit) and then we decided to stay in our current office.

2022 spending review

CostsBudget ($M)Actuals ($M)
Staff costs

2.41

2.38

Contractors

0.14

0.44

Rent and office

1.42

0.77

Non-personnel costs

0.61

0.64

Travel and venues

0.08

0.12

Marketing

N/A

2.28

Non-operating expenses

N/A

0.03

Sum

4.66

6.66

Notes:

  • These amounts are rounded, so may not add up exactly to the sum shown.
  • We’ve added a row for marketing spend in 2022 because we made a decision to fundraise extra from a specific donor and spend aggressively on marketing after making the 2022 budget. In our original budget, any planned marketing spend was included under non-personnel costs.
  • We’ve also added a row for non-operating expenses, to give a complete picture of our expenses and changes in our assets.

Historical data

Financial and staff inputs over time

YearSpending ($M)Income ($M)Number of full-time equivalent staff
2012

0.06

0.07

0.7

2013

0.16

0.24

2.8

2014

0.23

0.33

2.6

2015

0.35

0.43

3.8

2016

0.47

0.46

5.2

2017

0.73

2.03

6.7

2018

1.16

1.63

8.9

2019

2.39

5.18

11.8

2020

3.15

5.21

13.8

2021

3.41

1.21

14.5

2022

6.66

4.72

20.7

Notes:

  • “Number of full-time equivalent staff” includes primary staff members and the staff hours allocated to us by our parent organisations, the Effective Ventures group. It does not include contractors.

Audited accounts

The following are the audited accounts of our parent organisations:

  • UK entity – Effective Ventures Foundation (previously the Centre for Effective Altruism)
  • US entity – Effective Ventures Foundation USA, Inc. (previously the Centre for Effective Altruism USA)