African Enterprise

Analysis

African Enterprise is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in June 1964, 62 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 (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, African Enterprise reported income of $331k and spending of $292k, spending 88% of its income. Across the 6 years on record, from September 2019 to December 2023, income fell from $802k to $331k (-59%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 60%. Over the whole period it spent 99% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, African Enterprise sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within WA. Charities of a similar size with the same main cause include High5give5 Inc ($330k), Immigrant Solidarity Dupage ($331k) and World Our Parish Inc ($330k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $25k (8.6% of expenses). Other salaries and wages came to $12k. It paid $17k in professional fundraising fees. At year end it held assets of $603k against liabilities of $7,320, net assets of $596k. It reported 3 employees.