Africa College Fund

Analysis

Africa College Fund is a registered charity in United States, based in Fairfield, IA. It received its IRS tax-exemption ruling in March 2012, 14 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, Africa College Fund reported income of $470k and spending of $329k, leaving 30% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $407k to $470k (+16%), an average of +5.0% a year. The sharpest change came in the year to December 2023, when income rose by 227%. Over the whole period it spent 87% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Africa College Fund sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within IA. Charities of a similar size with the same main cause include Trade Justice Education Fund ($470k), Shavey Yitzchak Inc ($471k) and Refugee Home Project Inc ($470k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $251k against liabilities of $0, net assets of $251k.