African Economic Development Solutions

Analysis

African Economic Development Solutions is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Economic Development Solutions reported income of $3.9m and spending of $1.9m, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $3.9m (+211%), an average of +33% a year. The sharpest change came in the year to December 2020, when income rose by 313%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, African Economic Development Solutions 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 91st percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include Noah Webster Schools-Pima ($3.9m), Northeastern State University Foundation Inc ($3.9m) and Applied Survey Research Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.0% of the total. Other salaries and wages came to $898k. At year end it held assets of $10.1m against liabilities of $3.7m, net assets of $6.4m. It reported 15 employees.