Congo Initiative USA Inc

Analysis

Congo Initiative USA Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Congo Initiative USA Inc reported income of $1.2m and spending of $1.2m, spending 104% of its income. Across the 6 years on record, from September 2019 to December 2023, income grew from $1.0m to $1.2m (+12%), an average of +2.3% a year. The sharpest change came in the year to December 2023, when income rose by 182%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Congo Initiative USA Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within NC. Charities of a similar size with the same main cause include Rappahannock Westminster Canterbury Foundation ($1.2m), Ocs Foundation Inc ($1.2m) and Brooklyn College Student Services Corporation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $132k. At year end it held assets of $749k against liabilities of $23k, net assets of $726k. It reported 4 employees.