Africa Exchange

Analysis

Africa Exchange is a registered charity in United States, based in Cedar Grove, NC. It received its IRS tax-exemption ruling in July 1997, 29 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, Africa Exchange reported income of $531k and spending of $442k, spending 83% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $373k to $531k (+42%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 71%. Over the whole period it spent 84% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Africa Exchange sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include Sereolipi Nomadic Education Foundation Inc ($531k), Life Connection Mission Inc ($531k) and African Primary Healthcare Foundation ($531k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $29k (6.5% of expenses). At year end it held assets of $464k against liabilities of $58k, net assets of $406k.