Eastern Congo Initiative

Analysis

Eastern Congo Initiative is a registered charity in United States, based in Stillman Vly, IL. It received its IRS tax-exemption ruling in January 2012, 14 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 March 2023, Eastern Congo Initiative reported income of $5.4m and spending of $3.9m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to March 2023, income grew from $1.3m to $5.4m (+312%), an average of +42% a year. The sharpest change came in the year to March 2021, when income rose by 372%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Eastern Congo Initiative sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include Bnai Raphael Chesed Organization Inc ($5.4m), Nevada Childrens Foundation Inc ($5.4m) and Interfaith Emergency Services Inc ($5.4m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $222k (5.7% of expenses). Other salaries and wages came to $972k. At year end it held assets of $9.0m against liabilities of $440k, net assets of $8.6m. It reported 10 employees.