African Agricultural Technology Foundation

Analysis

African Agricultural Technology Foundation is a registered charity in United States, based in Kenya. It received its IRS tax-exemption ruling in April 2006, 20 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).

In the financial year ending December 2023, African Agricultural Technology Foundation reported income of $14.9m and spending of $15.7m, spending 105% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $16.7m to $14.9m (-11%), an average of -2.2% a year. The sharpest change came in the year to December 2019, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, African Agricultural Technology Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile. Charities of a similar size with the same main cause include School Year Abroad Inc ($14.9m), International Student Exchange Inc ($15.1m) and International Schools Services Inc ($14.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $1.5m (9.6% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $18.1m against liabilities of $8.2m, net assets of $9.9m. It reported 48 employees.