Corporate Council on Africa

Analysis

Corporate Council on Africa is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 1993, 33 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, Corporate Council on Africa reported income of $3.7m and spending of $4.1m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.7m (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2022, when income rose by 169%. Over the whole period it spent 86% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Corporate Council on Africa sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 76th percentile within DC. Charities of a similar size with the same main cause include Christian Relief Services Charities Inc ($3.7m), African Vision of Hope ($3.7m) and William Davidson Institute at the University of Michigan School of B ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 8.4% of the total. Compensation of current officers, directors and key employees was $270k (6.6% of expenses). Other salaries and wages came to $728k. At year end it held assets of $3.9m against liabilities of $2.4m, net assets of $1.6m. It reported 7 employees.