Friends of the University of Zambia Foundation Inc

Analysis

Friends of the University of Zambia Foundation Inc is a registered charity in United States, based in Carlsbad, CA. It received its IRS tax-exemption ruling in May 2015, 11 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, Friends of the University of Zambia Foundation Inc reported income of $63k and spending of $912, leaving 99% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $24k to $63k (+158%), an average of +158% a year. The sharpest change came in the year to December 2023, when income rose by 158%. Over the whole period it spent 2.0% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the University of Zambia Foundation Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within CA. Charities of a similar size with the same main cause include Germantown Hills Parent Teacher Organization ($63k), Newtons Road Northwest ($63k) and Margaret White Elementary PTC ($63k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. At year end it held assets of $505k against liabilities of $0, net assets of $505k.