There is a lot of money floating around in the world of global development. Billions of dollars in fact. And much of it is going to NGOs.
We take a look at the top INGOs in both the United States and United Kingdom to see where they get their money and how their fortunes had fared over the past five years. We found two quite different stories.
My colleague Miguel Antonio Tamonan did a deep dive into the numbers and they revealed an intriguing insight: the 50 largest NGOs in the U.S. had a revenue of more than $23 billion a year between them, and the majority of these entities have actually seen their incomes grow fast over the last half-decade.
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About the author
Omar Mohammed
Omar Mohammed is a Foreign Aid Business Reporter based in New York. Prior to joining Devex, he was a Knight-Bagehot fellow in business and economics reporting at Columbia University Graduate School of Journalism. He has nearly a decade of experience as a journalist and he previously covered companies and the economies of East Africa for Reuters, Bloomberg, and Quartz.
