African Development Center

Analysis

African Development Center is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, African Development Center reported income of $5.2m and spending of $1.7m, leaving 68% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $5.2m (+319%), an average of +43% a year. The sharpest change came in the year to December 2020, when income rose by 160%. Over the whole period it spent 40% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, African Development Center sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include Amicus ($5.2m), Stillwater Group Homes Inc ($5.2m) and Lower Chattahoochee Direct Service Corp ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $328k (19% of expenses). Other salaries and wages came to $375k. At year end it held assets of $21.7m against liabilities of $9.5m, net assets of $12.2m. It reported 11 employees.