Africa Mingrid Developers Association Inc

Analysis

Africa Mingrid Developers Association Inc is a registered charity in United States, based in Lewes, DE. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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 2023, Africa Mingrid Developers Association Inc reported income of $1.0m and spending of $1.3m, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $478k to $1.0m (+119%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Africa Mingrid Developers Association Inc 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 80th percentile, and in the 76th percentile within DE. Charities of a similar size with the same main cause include Sublette County Historical Society Inc a Foundation ($1.0m), Boulder City Museum & Historical Association ($1.0m) and Symphony of the Americas Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $116k (8.9% of expenses). Other salaries and wages came to $59k. At year end it held assets of $307k against liabilities of $7,105, net assets of $300k. It reported 2 employees.