Our finances
Here are our full financial details – how we’re funded and who we’re funded by.
Funding
In 2022, DI concluded several significant programmes and funding relationships, particularly our convening role on IATI and our role as host of the Global Nutrition Report. Further, our core grant from the Hewlett Foundation came to an end. Consequently, our income in 2022 decreased by £365,595 to £5,442,764. However the organisation retains a strong pipeline of prospective income for both 2023 and 2024.
Expenditure
In 2022, our operating costs increased by £494,467 to £6,129,504. During this period Covid-19 travel restrictions were relaxed and programme activities returned to pre-Covid levels, leading to an increase in travel expenditure from £45,987 to £171,467.
Our spend on consultants reduced from £999,163 in 2021 to £585,062 in 2022 as more of the work was undertaken by staff. As in previous years, our highest expenditure remained our staff costs and professional services: training costs in 2022 were £66,799.
Like many organisations in this tough financial climate, we started a process in July 2023 that we expect will reduce the size of our team alongside revising our non-staff costs to ensure most effective use of our funding moving forwards.
Development Initiatives Poverty Research Ltd – accounts
Our accounts for the past seven years are below. For earlier accounts, please contact our finance team at finance.team@devinit.org .
DI International Ltd – accounts
Our accounts for the past seven years are below. For earlier accounts, please contact our finance team at finance.team@devinit.org .