Friends for African Development

Analysis

Friends for African Development is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in December 2008, 18 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, Friends for African Development reported income of $121k and spending of $107k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $121k (+127%), an average of +127% a year. The sharpest change came in the year to December 2023, when income rose by 127%. Over the whole period it spent 96% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Friends for African Development sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NC. Charities of a similar size with the same main cause include Cornerstone Non Profit Development Inc ($121k), Tibetan Education Fund ($121k) and National Ecumenical Forum for Filipino Concerns-Inland Empire ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $19k against liabilities of $0, net assets of $19k.