African Centres for Lightning and Electromagnetics Network Inc

Analysis

African Centres for Lightning and Electromagnetics Network Inc is a registered charity in United States, based in River Forest, IL. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, African Centres for Lightning and Electromagnetics Network Inc reported income of $114k and spending of $60k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $95k to $114k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, African Centres for Lightning and Electromagnetics Network Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within IL. Charities of a similar size with the same main cause include The Friends of the Redwood City Pub Lic Library Inc ($114k), Wee Care in Lake City ($114k) and Yellow Jacket Booster Club ($114k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $85k against liabilities of $0, net assets of $85k.