Transafrican Development Inc

Analysis

Transafrican Development Inc is a registered charity in United States, based in Cypress, TX. It received its IRS tax-exemption ruling in September 2013, 13 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, Transafrican Development Inc reported income of $1.9m and spending of $1.7m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $684k to $1.9m (+178%), an average of +29% a year. The sharpest change came in the year to December 2020, when income rose by 90%. 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, Transafrican Development Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Yazda ($1.9m), Visionsynergy ($1.9m) and Love & Hope Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $118k (7.1% of expenses). Other salaries and wages came to $163k. At year end it held assets of $1.2m against liabilities of $323k, net assets of $840k. It reported 7 employees.