IFR4NPO

What IFR4NPO does

IFR4NPO (International Financial Reporting for Non-Profit Organizations) is a standards-setting initiative that has developed INPAS (International Non-Profit Accounting Standard) — the first internationally recognized accounting standard specifically designed for the non-profit sector. Founded in 2019/2020, the initiative is led and implemented by Humentum and CIPFA (Chartered Institute of Public Finance & Accountancy), with input drawn from a global multi-stakeholder consultation process involving a Technical Advisory Group (TAG), a Practitioner Advisory Group (PAG), a Donor Reference Group, Country Champions, and three rounds of public Exposure Draft consultations that received 549 responses from 86 countries.

The core product is the INPAS standard, which is built on the IFRS for SMEs accounting framework and adapted to address sector-specific issues including fund accounting, revenue recognition, related party disclosures, and grant reporting. The portfolio also includes INPAS Practice Guide 1 (PG1) for harmonised grant reporting and Humentum's Accounting Basis Diagnostic Tool — an Excel-based diagnostic supporting transition towards accrual accounting. INPAS was renamed from the development-phase INPAG (International Non-Profit Accounting Guidance) at official launch in October 2025. Standard development was supported by a seed grant from Open Society Foundations and Ford Foundation (2020) and a formal partnership with the IFRS Foundation (2021), and work is transitioning to the newly created International Non-Profit Reporting Foundation (INPRF) as the permanent governance body.

IFR4NPO operates as a non-commercial initiative. The standard and supporting resources are distributed for free via ifr4npo.org in multiple languages (English, French, Spanish, Arabic). Revenue mechanics consist entirely of grants and donations from foundations, plus event sponsorship (Platinum, Silver, Reception, and Bursary tiers) and nominal event registration fees (e.g., $100 USD for the Geneva in-person launch). The organization targets three primary global customer segments: Non-Profit Organisations (preparing audited accounts and grant reports), Funders/Donors (due diligence and harmonised grant reporting), and Auditors (consistent framework for auditing NPO financial statements). Distribution is achieved through a community-led model via a virtual, 9-person team distributed across the UK, Nigeria, and Uganda.

Name

IFR4NPO

Legal name

IFR4NPO (International Financial Reporting for Non-Profit Organizations)

Website

https://ifr4npo.org

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

IFR4NPO is a non-profit standards-setting initiative that developed INPAS, the first internationally recognized accounting standard for non-profit organisations. It serves NPOs, funders, and auditors globally and is transitioning to the permanent INPRF governance body.

Ownership category

akta.pro rank

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Foundation Grants and Donations: The project is funded through grants and donations from foundations including Open Society Foundations (seed funding) and Ford Foundation (seed funding). Additional funding comes from a wide range of sector stakeholders.
2. Event Sponsorship: Sponsorship of events such as Advisory Group Meetings, Country Awareness Events, Regional Consultations, Donor Reference Group meetings, webinars and online events. Sustaining sponsors receive preferential opportunities.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels8 records

Core offering

IFR4NPO is a standard-setting initiative that develops the International Non-Profit Accounting Standard (INPAS) — the first internationally recognised accounting standard for non-profit organisations. The standard is designed for the preparation of annual audited accounts and grant reports by NPOs, and is built on the IFRS for SMEs framework adapted to address NPO-specific issues. The initiative is led by Humentum and CIPFA, with governance transitioning to the International Non-Profit Reporting Foundation (INPRF).

Product overview

IFR4NPO is a standard-setting initiative (not a software product) that has developed INPAS — the first internationally applicable accounting standard for non-profit organisations. The portfolio consists of the core INPAS standard, complemented by INPAS Practice Guide 1 (PG1) for harmonised grant reporting, an Accounting Basis Diagnostic Tool, and various technical/practitioner advisory group resources. During development, the standard was known as INPAG (International Non-Profit Accounting Guidance). The initiative is led by Humentum and CIPFA, with governance by the International Non Profit Reporting Foundation (INPRF).

Differentiator

Problem solved

Functional benefit

Products and services

• INPAS (International Non-Profit Accounting Standard) The first internationally recognised accounting standard for non-profit organisations, designed for the preparation of annual audited accounts and grant reports. INPAS enhances transparency and accountability, strengthening trust and global credibility for NPOs. Available for free download.
• INPAS Practice Guide 1: Supplementary Statements for Grant Reporting (PG1) A harmonised format for project or grant reports, linked to the main financial statements. Designed to reduce the complexity and burden of multiple reporting formats for funders and NPOs.
• Accounting Basis Diagnostic Tool An Excel-based diagnostic tool that gives NPOs and donors a detailed understanding of where their current practice falls within the spectrum of accounting bases (particularly within 'modified cash'). Helps identify steps for transitioning towards accrual accounting.

Quantifiable outcome

• Free standard access available globally
• +1 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Ten partnerships are on record, tiered major, core and notable.

• The Global FundmajorOthers · 1 October 2025The Global Fund serves as venue host for the INPAS Arrives launch event in Geneva, Switzerland on October 21, 2025. The Global Health Campus at Chemin du Pommier 40 hosts the event.
• IFRS FoundationcoreTechnology or Integration · 1 January 2021The IFRS Foundation has formally acknowledged the need and demand for NPO Guidance. The IFRS for SMEs Accounting Standard was used as the foundational framework for INPAG development. IFRS Foundation has a representative attending TAG meetings as official observer. Governance Group member Assietou Sylla Diouf appointed as IFRS Foundation Trustee.
• HumentumcoreStrategic or Co-development Partner · 1 January 2020Humentum is the primary implementing organization for the IFR4NPO project. As a virtual-working organisation, Humentum leads the secretariat, project management, and day-to-day operations of developing the INPAS standard.
• CIPFA (Chartered Institute of Public Finance & Accountancy)coreStrategic or Co-development Partner · 1 January 2020CIPFA is the implementing organization providing technical expertise. CIPFA's INPAG Technical Director Karen Sanderson leads technical development. CIPFA's London address serves as registered address.
• EY GenevanotableStrategic or Co-development PartnerEY Geneva collaborated with Humentum to conduct a survey of European NPOs (grant makers and recipients) on INPAS readiness. Survey insights to be presented at Geneva launch event.
• Oak FoundationnotableGTM or Marketing PartnerOak Foundation (bilateral/multiateral agency/foundation) represented on donor-focused panel at Geneva event exploring future of reporting expectations.
• Forum of FirmsnotableStrategic or Co-development PartnerThe Forum of Firms, representing the world's largest audit firms, nominated three individuals to serve on the Practitioner Advisory Group to ensure audit sector views are reflected.
• Technical Advisory Group (TAG)coreStrategic or Co-development PartnerTAG provides advice on development of guidance from a technical standard setting perspective. Members include experts from national standard-setting bodies and accounting professionals.
• Practitioner Advisory Group (PAG)coreStrategic or Co-development PartnerPAG provides advice on development of guidance from a practitioner perspective. Includes representatives from the Forum of Firms.
• Donor Reference GroupcoreStrategic or Co-development PartnerDonor Reference Group consists of grantmakers including bilateral and multilateral agencies as well as foundations and trusts. They provide input on grant reporting harmonisation.

Scale indicators9 records

Recent moves6 records

Expansion highlights7 records

Others

• Charity Commission for England and Wales: UK regulator for charities that mandates financial reporting requirements for registered NPOs. Comparable as a stakeholder defining NPO reporting obligations in a major market, though it is a regulator rather than a standards setter.
• Humentum: Co-implementing organisation of IFR4NPO. Humentum is an NGO membership and capacity-building organisation whose staff and infrastructure run the INPAS project. Comparable as the operational backbone and funding recipient for the INPAS initiative.
• Candid (formerly GuideStar): Major NPO transparency and data platform operating Seals of Transparency and guiding funder diligence. Comparable as a complementary ecosystem player promoting NPO reporting standardisation, though Candid focuses on disclosure rather than accounting methodology.
• Charity Navigator: Leading US charity evaluator that relies on NPO financial disclosures to produce ratings. Comparable as a downstream beneficiary of harmonised NPO financial reporting, since INPAS-style standardisation would simplify Charity Navigator's data collection and comparison.

Direct peers

• IPSASB (International Public Sector Accounting Standards Board): Direct peer operating under the IFRS Foundation. IPSASB develops accrual-based accounting standards for public sector entities, which include many NPOs and quasi-governmental organisations. IPSASB standards compete for adoption by public-sector-adjacent NPOs that IFR4NPO targets.
• IFRS Foundation: Direct peer as an international accounting and sustainability standards-setting body. IFRS Foundation develops IFRS Standards and IFRS for SMEs, the latter serving as the foundation for INPAS. The Foundation has formally acknowledged IFR4NPO and has a representative attending TAG meetings.
• CIPFA (Chartered Institute of Public Finance & Accountancy): Both implementing partner of IFR4NPO and an independent standards/guidance publisher for the UK public sector. CIPFA develops accounting and reporting standards for local government and public services, making it comparable as a professional standards body even though it is also a strategic partner to IFR4NPO.

Broad incumbents

• Financial Reporting Council (UK): UK regulator that sets accounting, auditing, and actuarial standards, including oversight of the Charities SORP (Statement of Recommended Practice) which currently governs UK charity reporting. The Charities SORP is a major alternative framework competing with INPAS in UK and Commonwealth jurisdictions.
• FASB (Financial Accounting Standards Board): Broad incumbent that sets US GAAP including ASC 958 (Not-for-Profit Entities). FASB's existing NPO-specific guidance shapes US NPO reporting and is a reference point that INPAS must distinguish itself against in US-influenced markets.
• GASB (Governmental Accounting Standards Board): Broad incumbent setting accounting standards for US state and local governments, including government-related NPOs. GASB represents an alternative standards framework competing for the same public-sector-adjacent NPO reporting space.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ifr4npo

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about IFR4NPO