African Renaissance and Diaspora Network Inc

Analysis

African Renaissance and Diaspora Network Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2014, 12 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, African Renaissance and Diaspora Network Inc reported income of $62k and spending of $56k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $38k to $62k (+61%), an average of +61% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 118% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, African Renaissance and Diaspora Network Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within NY. Charities of a similar size with the same main cause include District Nri Foundation Inc ($62k), Grace of God Childrens Project ($62k) and Community First Initiatives Inc ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $26k against liabilities of $0, net assets of $26k.