Africaonline Media Orporation

Analysis

Africaonline Media Orporation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2021, Africaonline Media Orporation reported income of $144k and spending of $143k, spending 99% of its income. Across the 2 years on record, from December 2020 to December 2021, income fell from $251k to $144k (-43%), an average of -43% a year. The sharpest change came in the year to December 2021, when income dropped by 43%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Africaonline Media Orporation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within TX. Charities of a similar size with the same main cause include Frank & Kathleen Blair & Christine Thalheimer Foundation ($144k), Julias Butterfly Foundation ($144k) and Campbell Charitable Trust ($144k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $11k (7.7% of expenses). Other salaries and wages came to $85k. At year end it held assets of $4,434 against liabilities of $0, net assets of $4,434.