Africa Development Promise

Analysis

Africa Development Promise is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Development Promise reported income of $307k and spending of $290k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $176k to $307k (+75%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 76%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Africa Development Promise sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within CO. Charities of a similar size with the same main cause include Adalyn Rose Foundation ($307k), Frank Adoption Center ($307k) and Counseling Institute of Texas ($307k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. Compensation of current officers, directors and key employees was $16k (5.6% of expenses). At year end it held assets of $92k against liabilities of $52k, net assets of $40k. It reported 1 employees.