South Africa Development Fund Inc

Analysis

South Africa Development Fund Inc is a registered charity in United States, based in Jamaica Plain, MA. It received its IRS tax-exemption ruling in December 1987, 39 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 June 2023, South Africa Development Fund Inc reported income of $1.2m and spending of $1.3m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.2m (-23%), an average of -6.3% a year. The sharpest change came in the year to June 2022, when income dropped by 31%. Over the whole period it spent 108% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, South Africa Development Fund Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include Project Hope Worldwide ($1.2m), Makarios ($1.2m) and Hope Builders Ministries ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $23k (1.8% of expenses). At year end it held assets of $685k against liabilities of $13k, net assets of $672k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.