Nonprofit screen
Screen a listAfrican Economic Development Solutions
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- No record
- Charity type
- 509(a)(1)
$5.2Mrevenue
FY2024 · +109% in 3 yrs13staff
8 of 8years filed
’17’18’19’20’21’22’23’24
Revenue and spendingRevenueSpending
Against similar nonprofits FY2024
Operating margin55.8%
Months of reserve16.8mo
Revenue growth (annualized)+41.7%
Middle half of peersMedianAfrican Economic Development Solutions
Where the money goes FY2024 · $2.3M spent
Programs$1.9M84%Management and general$225k10%Fundraising$151k7%990 FY2024 · Part IX line 25
Worth checking1
Government grants fell 85% in FY2021
$3.1M in FY2020, $458k in FY2021.
990 Part VIIIIn its favor2
Strong governance
6 of 6 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VIGrowing faster than peers
Revenue up 42% a year since FY2017, in the top quarter of similar nonprofits.
990 Part I · peer cohort36funders
$1.8Ma year, last 3 years
20%from its largest funder
Funder’17’18’19’20’21’22’23Otto Bremer TrustSince FY2019$30k$90k$250k$50k$550kThe McKnight FoundationSince FY2019$185k$152k$100k$200k$20kNorthwest Area FoundationSince FY2019$200k$15k$125k$125k$125kOpportunity Finance NetworkOn and off$100k$200k$250kLocal Initiatives Support CorporationOn and off$45k$150k$33k$25k$250kGreater Twin Cities United WaySince FY2020$305k$17k$38k$75kDonor-advised giftsDonors not disclosed$75k$50k$100k$8k$450k$56k$840k26 other fundersUp to $200k a year each$10k$436k$697k$436k$579k
FundedThrough a donor-advised fund