African Economic Research Consortium Inc

Analysis

African Economic Research Consortium Inc is a registered charity in United States, based in Kenya. It received its IRS tax-exemption ruling in June 1989, 37 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 March 2024, African Economic Research Consortium Inc reported income of $7.5m and spending of $9.7m, spending 129% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income fell from $12.3m to $7.5m (-39%), an average of -12% a year. The sharpest change came in the year to March 2021, when income dropped by 27%. Over the whole period it spent 102% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, African Economic Research Consortium Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile. Charities of a similar size with the same main cause include Earth University Foundation ($7.5m), Business Executives for National Security ($7.5m) and Amazima Ministries International Education and Empowerment for East ($7.5m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $526k (5.4% of expenses). Other salaries and wages came to $768k. At year end it held assets of $28.3m against liabilities of $5.2m, net assets of $23.1m.