Annual Report 2023
IMPACT RECAP
Advancing inclusive development & equitable growth
Dignity
We respect the dignity and humanity of every individual and are committed to equity, inclusion and justice in everything we do.
Humility
We are transparent when we make mistakes, trust the wisdom of the communities we serve and seek to preserve the natural environment.
Creativity
We are curious, seek to innovate and embrace a spirit of experimentation.
Integrity
We consistently hold ourselves and each other to delivering excellence and to the highest professional and ethical standards.
Connection
We actively collaborate with all our stakeholders to improve understanding of complex issues and catalyze lasting change.
What We Do
Mission & Vision
From climate change and cross-border conflicts to the growing inequities left behind by the COVID-19 pandemic, the world faced multiple and complex challenges in 2023. Drawing from over seven decades of learnings, Global Communities partnered with local leaders, governments, civil society and the private sector to face these problems with compassion, innovation and an eye toward lasting, locally-powered impact. Across five continents, in nearly 30 countries and alongside thousands of communities, we helped to create meaningful and measurable change in service to our vision of a more just, prosperous and equitable world.
INTRODUCTIONS
Letters from our leadership
Board Chair
President & CEO
Dear friends,
Looking back on 2023, I am filled with gratitude and pride for the extraordinary strides we have made under the leadership of our CEO, Carrie Hessler-Radelet, in her first full year at the helm. Carrie's leadership has not only steered us through complex challenges but has also laid a robust foundation for Global Communities’ future, marking a year of significant growth and strategic development.
Last year, we took decisive steps to operationalize our Strategic Vision for 2030, aligning our actions with our vision of a more just, prosperous and equitable global community. This vision, now set into motion, embodies our commitment to not only dream of a better world but to actively forge it through our concerted efforts every day.
Our achievements in localization in 2023 highlight our dedication to enhancing our leadership and ensuring our initiatives are deeply interconnected with the communities we serve. These steps forward in our organizational structure and strategy are crucial as we navigate the complexities of our mission in nearly 30 countries.
At the heart of Global Communities is the mission to bridge the divide between traditional humanitarian assistance and sustainable development. This past year has showcased our adaptability and resilience, responding swiftly to the dynamic needs of communities affected by conflicts and crisis such as Ukraine, Gaza, Syria and Türkiye. Our capacity to innovate, pivot and implement community-driven solutions stands as a testament to the collective strength and diversity of our global team.
Carrie's inaugural year as CEO has invigorated our shared commitment to advancing equity, saving lives and securing strong futures globally. Her leadership inspires us to transcend boundaries, innovate and deepen our impact worldwide.
As we move forward, I know we will continue to harness our collective expertise, draw upon local ingenuity and global insights, and stay true to the communities at the core of our work. Together we are not just responding to the challenges of today but actively shaping the future we all believe in.
Thank you for your unwavering support and for being an integral part of our global community. Here's to continuing our impactful journey together.
With deepest appreciation,
John Potter
Chair, Board of Trustees
GLOBAL FOOTPRINT
Where we worked in 2023
Africa
Botswana
DRC
Egypt
Ethiopia
Ghana
Kenya
Madagascar
Tanzania
Zambia
The Americas
Argentina
Brazil
Colombia
Guatemala
Honduras
Mexico
United States
Europe & Asia
India
Indonesia
Kosovo
Romania*
Sri Lanka
Ukraine
Middle East
Iraq*
Jordan*
Lebanon*
Syria
Türkiye
West Bank & Gaza*
Yemen
*In these countries, Global Communities lends to micro-, small and medium-sized enterprises to increase financial inclusion and create jobs under our for-profit subsidiary, Vitas Group.
Our Work
Shining the spotlight on regional achievements
Africa
Building on more than three decades of experience in Africa, we partnered with communities across nine countries in 2023 to expand access to healthy school meals, aid pastoralists through one of the longest and most severe droughts in history, and drive health transformation through community-led strategies and systems strengthening. We also supported women’s savings groups and young worker cooperatives to lay the groundwork for more equitable economic growth.
The Americas
In 2023, Global Communities partnered directly with local leaders, governments, schools, businesses and civil society organizations to catalyze sustainable and positive change, improving the lives and livelihoods of people in seven countries across the Americas. Whether working with birthing families in California or farmers in Central America, we prioritized breaking down barriers to care, resources and essential interventions that give everyone the chance to thrive.
Europe & Asia
In 2023, Global Communities worked in six countries in Europe and Asia, connecting young people, women and other marginalized groups with economic opportunities and tools to lift their own voices, lead their communities and secure healthier, more prosperous futures. As Russia’s invasion of Ukraine continued into its second year, Global Communities also remained committed to increasing the safety and well-being of those who have been displaced or affected by the war.
Middle East
Global Communities has leveraged decades of learnings across the Middle East to respond to the most pressing humanitarian needs caused by conflict and crises. Despite myriad challenges, our teams and local partners worked with steadfast dedication to provide lifesaving emergency relief to individuals and families, while also helping businesses, communities and local governments heal, rebuild and plan for a sustainable recovery.
FINANCIALS
Fiscal Year 2023 At A Glance
FY23
FY22
Revenue
248.4
250.2
Expenses
259.8
247.5
Year End Operating Results*
-1.8
-12.6
Change in Net Assets
-11.4
2.7
Less Change in With Donor Restrictions
-9.6
15.3
Total Net Assets
169.5
181.0
Without Donor Restrictions
134.6
136.5
With Donor Restrictions*
34.9
44.5
Liquidity/Current Ratio
2.3
2.5
Program Services & Program Support*
63%
63%
Capital Assistance
23%
23%
Management & General
14%
14%
For the periods ending: Sept. 30, 2023 & Sept. 30, 2022
Revenue, Expenses, Year End Operating Results and Net Assets are presented in Millions.
PARTNERS
Catalyzing lasting change as partners for good
Our success in driving positive, lasting change in nearly 30 countries would not be possible without investment and collaboration from a variety of individuals, foundations, corporations, governments and other groups and organizations across the public and private sectors. Learn more about the generosity of three supporters who were instrumental to our impact in 2023.
Leadership
Board of Directors
Carrie Hessler-Radelet
John Potter
John Duong
Joseph Abbate
Hillary Thomas-Lake
Lawrence Weitzen
Erin Barringer
Richard Celeste
Rudy Cline-Thomas
John Holdsclaw IV
Karen Paterson
Nancy Plaxico
Leocadia Zak
Claudine Emeott
William Lane
William Rhodes
Download, read and share our 2023 Impact Recap
Across five continents, in nearly 30 countries and alongside thousands of communities, we helped to create meaningful and measurable change in 2023. Explore highlights of our collaborative efforts to address complex challenges around the world by downloading a PDF version of our annual report.
credits
This report was compiled by the Global Communities Office of Communications with support from global program teams. Edited by Maureen Simpson. Design and layout by Digital Marketing Inc. and Annie Mueller.