Africa Advancing Inc

Analysis

Africa Advancing Inc is a registered charity in United States, based in Palmdale, CA. It received its IRS tax-exemption ruling in November 2000, 26 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Africa Advancing Inc reported income of $135k and spending of $135k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $29k to $135k (+361%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 119%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Africa Advancing Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 47th percentile within CA. Charities of a similar size with the same main cause include Overcomers Counseling Center Inc ($135k), New York Center for Emotionally Focused Therapy Inc ($135k) and Project Access Howard County Inc ($135k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $65k. At year end it held assets of $1,570 against liabilities of $0, net assets of $1,570.