Trustafrica

Analysis

Trustafrica is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2005, 21 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 March 2023, Trustafrica reported income of $915k and spending of $4.0m, spending 435% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $3.1m to $915k (-71%), an average of -26% a year. The sharpest change came in the year to March 2022, when income rose by 167%. Over the whole period it spent 125% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Trustafrica sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 53rd percentile within DC. Charities of a similar size with the same main cause include Turquoise Mountain Foundation ($913k), Good News Center Inc ($915k) and Institute for Field Research ($912k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $340k (8.5% of expenses). Other salaries and wages came to $510k. At year end it held assets of $9.7m against liabilities of $619k, net assets of $9.1m. It reported 19 employees.