Africans Reaching Africa Inc

Analysis

Africans Reaching Africa Inc is a registered charity in United States, based in Granger, IN. It received its IRS tax-exemption ruling in March 2019, 7 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, Africans Reaching Africa Inc reported income of $955k and spending of $639k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $253k to $955k (+278%), an average of +39% a year. The sharpest change came in the year to December 2021, when income rose by 95%. Over the whole period it spent 58% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Africans Reaching Africa Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within IN. Charities of a similar size with the same main cause include Claremont Strategy Group Inc ($954k), Leo Baeck Education Center Foundation ($958k) and Princeton in Asia Inc ($953k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $34k (5.3% of expenses). Other salaries and wages came to $22k. At year end it held assets of $1.3m against liabilities of -$2,963, net assets of $1.4m. It reported 2 employees.