Africa Code Academy Inc

Analysis

Africa Code Academy Inc is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in September 2017, 9 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, Africa Code Academy Inc reported income of $65k and spending of $104k, spending 159% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $253k to $65k (-74%), an average of -49% a year. The sharpest change came in the year to December 2023, when income dropped by 66%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Africa Code Academy Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within CA. Charities of a similar size with the same main cause include Loudoun County High School Athletic Booster Club ($65k), Hidden Valley PTO Inc ($65k) and Westwoods PTO ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.1% of the total. At year end it held assets of $16k against liabilities of $18k, net assets of -$2,037.