Afara Governance

Analysis

Afara Governance is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Afara Governance reported income of $175k and spending of $187k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $200k to $175k (-12%), an average of -12% a year. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Afara Governance sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within NC. Charities of a similar size with the same main cause include Worldwide Education Fund ($175k), Mahogany Revue Research & Development Center Inc ($175k) and Ruidoso Jockey Club Foundation Inc ($175k).

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 $119k (63% of expenses). At year end it held assets of $141k against liabilities of $0, net assets of $141k.