Network for the Development of Children of African Descent

Analysis

Network for the Development of Children of African Descent is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Network for the Development of Children of African Descent reported income of $1.0m and spending of $876k, spending 86% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $896k to $1.0m (+13%), an average of +2.5% a year. The sharpest change came in the year to December 2020, when income rose by 74%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Network for the Development of Children of African Descent sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MN. Charities of a similar size with the same main cause include Cyber Sikh Organization ($1.0m), Hope Academy for Dyslexics ($1.0m) and Literacy Cooperative of Greater Cleveland ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $118k (13% of expenses). Other salaries and wages came to $317k. At year end it held assets of $1.1m against liabilities of $83k, net assets of $1.0m. It reported 11 employees.