Innovation Africa

Analysis

Innovation Africa is a registered charity in United States, based in Rockville Ctr, NY. It received its IRS tax-exemption ruling in January 2009, 17 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, Innovation Africa reported income of $18.4m and spending of $20.5m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.4m to $18.4m (+119%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 109%. Over the whole period it spent 99% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Innovation Africa sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Yemen Aid Inc ($18.4m), Medshare International ($18.4m) and Humanitarian Experience Inc ($18.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $238k (1.2% of expenses). Other salaries and wages came to $295k. At year end it held assets of $6.4m against liabilities of $1.2m, net assets of $5.2m.