Aqua-Africa Inc

Analysis

Aqua-Africa Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in January 2013, 13 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 December 2023, Aqua-Africa Inc reported income of $465k and spending of $605k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $421k to $465k (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2022, when income rose by 142%. Over the whole period it spent 98% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Aqua-Africa Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NE. Charities of a similar size with the same main cause include Vision of Community Fellowship Inc ($465k), International Languages Educational Services Inc ($466k) and Good Shepherd Ministries ($465k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $118k (19% of expenses). At year end it held assets of $302k against liabilities of $974, net assets of $301k. It reported 3 employees.