Coafrica

Analysis

Coafrica is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in April 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Coafrica reported income of $609k and spending of $1.6m, spending 256% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $665k to $609k (-8.5%), an average of -4.3% a year. The sharpest change came in the year to December 2022, when income rose by 254%. Over the whole period it spent 83% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Coafrica sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within UT. Charities of a similar size with the same main cause include US Asia Institute ($608k), Foundation for Lake Chapala Charities Inc ($609k) and USA Branch International Fiscal Association Inc ($608k).

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 $36k (2.3% of expenses). Other salaries and wages came to $15k. At year end it held assets of $657k against liabilities of $537, net assets of $656k. It reported 4 employees.