Technologically Literate Africa Limited

Analysis

Technologically Literate Africa Limited is a registered charity in United States, based in Shabbona, IL. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Technologically Literate Africa Limited reported income of $615k and spending of $257k, leaving 58% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $252k to $615k (+144%), an average of +144% a year. The sharpest change came in the year to December 2023, when income rose by 144%. Over the whole period it spent 42% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Technologically Literate Africa Limited sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IL. Charities of a similar size with the same main cause include Blue Mountain Industries LLC ($615k), Sisters of Grace Inc ($615k) and Project 40 31 Inc ($615k).

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 $145k (57% of expenses). At year end it held assets of $670k against liabilities of $7,784, net assets of $662k. It reported 2 employees.