Asante Africa Foundation Inc

Analysis

Asante Africa Foundation Inc is a registered charity in United States, based in Livermore, CA. It received its IRS tax-exemption ruling in April 2008, 18 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, Asante Africa Foundation Inc reported income of $1.1m and spending of $1.0m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $867k to $1.1m (+24%), an average of +5.4% a year. The sharpest change came in the year to December 2021, when income rose by 110%. Over the whole period it spent 86% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Asante Africa Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include World Spiritual Awareness Forum Inc ($1.1m), The Happy Givers ($1.1m) and Live to Love Foundation USA ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $1.1m against liabilities of $1,197, net assets of $1.1m.