Africa Network Evangelism Task Inc

Analysis

Africa Network Evangelism Task Inc is a registered charity in United States, based in Frisco, TX. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Africa Network Evangelism Task Inc reported income of $327k and spending of $387k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $331k to $327k (-0.9%), an average of -0.2% a year. The sharpest change came in the year to December 2021, when income rose by 95%. Over the whole period it spent 79% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Africa Network Evangelism Task Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Loving Arms Cancer Outreach Incorporated ($327k), Nechamas Zion Inc ($328k) and Make-A-Wish Foundation of Guam ($327k).

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 $119k (31% of expenses). At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.