Team Africa Rising Inc

Analysis

Team Africa Rising Inc is a registered charity in United States, based in Aspen, CO. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Team Africa Rising Inc reported income of $137k and spending of $284k, spending 207% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $301k to $137k (-54%), an average of -18% a year. The sharpest change came in the year to December 2021, when income rose by 604%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Team Africa Rising Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 41st percentile within CO. Charities of a similar size with the same main cause include Portuguese-American Club of Mount Vernon Inc ($137k), Willoughby Starzz Organization ($137k) and Moorhead Junior Olympic Volleyball Program Inc ($137k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $59k (21% of expenses). At year end it held assets of $213k against liabilities of $0, net assets of $213k. It reported 1 employees.