Corpsafrica

Analysis

Corpsafrica is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2011, 15 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 June 2023, Corpsafrica reported income of $6.2m and spending of $5.1m, spending 82% of its income. Across the 4 years on record, from December 2019 to June 2023, income grew from $1.5m to $6.2m (+325%), an average of +62% a year. The sharpest change came in the year to June 2023, when income rose by 1521%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Corpsafrica 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 93rd percentile, and in the 82nd percentile within DC. Charities of a similar size with the same main cause include Hope House Day Care Center Inc ($6.2m), Growing Home Southeast Inc ($6.2m) and Wayforward Resources Inc ($6.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $190k (3.7% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $3.8m against liabilities of $2.0m, net assets of $1.8m. It reported 8 employees.