Education Matters Africa Foundation

Analysis

Education Matters Africa Foundation is a registered charity in United States, based in North Haven, CT. It received its IRS tax-exemption ruling in August 2018, 8 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, Education Matters Africa Foundation reported income of $1.3m and spending of $2.0m, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.3m (+5.6%), an average of +1.4% a year. The sharpest change came in the year to December 2023, when income rose by 145%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Education Matters Africa Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within CT. Charities of a similar size with the same main cause include A Red Circle ($1.3m), Brookwood Christian Language Schoolinc ($1.3m) and Nebraska Innovation Campus Development Corporation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $354k against liabilities of $0, net assets of $354k.