African Leadership Foundation

Analysis

African Leadership Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2006, 20 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 June 2023, African Leadership Foundation reported income of $5.7m and spending of $38.1m, spending 667% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.8m to $5.7m (-27%), an average of -7.5% a year. The sharpest change came in the year to June 2021, when income rose by 797%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, African Leadership Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Eastland Preparatory Academy ($5.7m), Invictus High School ($5.7m) and Near Eastside Innovation School Corp ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. Other salaries and wages came to $343k. At year end it held assets of $34.2m against liabilities of $11.1m, net assets of $23.1m. It reported 5 employees.