Jakarta, February 4, 2020 – YCAB Foundation was ranked 32 in the list of TOP 100 SPO/NGOs (Social Profit Organizations Non-Government Organizations) around the world issued by NGO Advisor on January 27, 2020. YCAB successfully rose three ranks from #35 in 2019 and became the only non-profit organization from Indonesia on this list. Since 2013, YCAB has entered the list of the 100 best NGOs in the world, released by NGO Advisor, an independent media company based in Geneva, Switzerland.
Based on information from the NGO Advisor website, the main focus of the SPO/ NGO category for the year is innovation, impact and governance. Starting 2020, NGO Advisor officially changed the list from TOP 100 NGO to TOP 100 SPO/NGO as the social profit sector keeps growing and transforming the world. NGO Advisor stated that the world of non-profit organizations is now more relevant to be referred to as the “Social Profit World.” Over the past decade, NGOs have changed from just a charity business to more strategic activities. Many non-profit organizations nowadays have developed into social enterprises as part of a strategic effort to solve development crises around the world. More information about The Top 100 SPO / NGO 2020 can be accessed at https://www.ngoadvisor.net/
Since its establishment in 1999, YCAB believes that the organization must be able to become independent in order to empower the beneficiaries, namely youth from underprivileged families. YCAB continues to strengthen its position to become a social enterprise by investing in several other social businesses that are incorporated as portfolio companies under YCAB Ventures. The shared services strategy with its business units has enabled YCAB to support the sustainability of various programs with social impact.
“We are very proud and grateful that YCAB has entered the ranks of the best SPO/NGO in the world. YCAB’s main strength is being agile in responding to the challenges of the development world. YCAB is not just a traditional social organization that relies on donations and sponsors. YCAB through its business units creates a revolving fund to carry out its social mission. One of those is a financial inclusion business, incorporation activities that are integrated with access to education for youth from underprivileged families. This is the main unique point of YCAB. We believe education will cut the poverty cycle in a sustainable way,” said Veronica Colondam, CEO and Founder of YCAB Foundation.
Andy Noya as a journalist and activist of social businesses expressed his admiration, Congratulations YCAB. This is not only an achievement for Indonesia but also proof that an NGO can have a great impact on society.”
“Congratulations to YCAB. Behind this big achievement, there is a big responsibility that follows. So this is a challenge for YCAB members to deliver all works with a higher commitment,” said Lisa L Schad, Chief CSR Officer of Media Indonesia Group.
YCAB is quite proud to be included in the list of the best SPO/NGO in the world with BRAC and the Skoll Foundation, both of whom are the pioneers driving the world of social enterprise.