Connect Africa Foundation Inc

Analysis

Connect Africa Foundation Inc is a registered charity in United States, based in Newton Center, MA. It received its IRS tax-exemption ruling in January 2005, 21 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 September 2023, Connect Africa Foundation Inc reported income of $174k and spending of $176k, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $156k to $174k (+12%), an average of +2.8% a year. The sharpest change came in the year to September 2022, when income rose by 92%. Over the whole period it spent 67% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Connect Africa Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within MA. Charities of a similar size with the same main cause include Africa Transformation Network ($174k), Rebel Ministries Inc ($174k) and Lekovod Shabbos ($173k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 73% and program service revenue 25% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.