Africa Harvest Biotech Foundation International Inc

Analysis

Africa Harvest Biotech Foundation International Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Africa Harvest Biotech Foundation International Inc reported income of $2.3m and spending of $1.2m, leaving 50% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $548k to $2.3m (+324%), an average of +62% a year. The sharpest change came in the year to December 2022, when income rose by 127%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Africa Harvest Biotech Foundation International Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 69th percentile within DC. Charities of a similar size with the same main cause include Catalyst Domestic Violence Services ($2.3m), Meals on Wheels of Rowan Inc ($2.3m) and Newberry County Council on Aging ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $57k (4.9% of expenses). Other salaries and wages came to $308k. At year end it held assets of $2.3m against liabilities of $1.2m, net assets of $1.1m.