Horn of Africa Development and Education Foundation

Analysis

Horn of Africa Development and Education Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Horn of Africa Development and Education Foundation reported income of $112k and spending of $106k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.2m to $112k (-91%), an average of -69% a year. The sharpest change came in the year to December 2022, when income dropped by 88%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Horn of Africa Development and Education Foundation 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 40th percentile, and in the 37th percentile within MN. Charities of a similar size with the same main cause include New Holland Band ($112k), Teams in Action ($112k) and Waunakee Rotary Foundation Inc ($112k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $20k against liabilities of $0, net assets of $20k.