African Center For Economic Transformation
African Center For Economic Transformation shows consistent revenue growth and positive operating margins, but liabilities have significantly increased.
EIN: 113803281 · Washington, DC · NTEE: Q30 · Updated: 2026-03-28
Is African Center For Economic Transformation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
African Center For Economic Transformation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About African Center For Economic Transformation
African Center For Economic Transformation (EIN: 113803281) is a nonprofit organization based in Washington, DC, classified under NTEE code Q30. The organization reported total revenue of $7.2M and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of African Center For Economic Transformation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
African Center For Economic Transformation is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.3M |
| Total Expenses | $6.1M |
| Surplus / Deficit | +$260K |
| Total Assets | $5.0M |
| Total Liabilities | $4.5M |
| Net Assets | $540K |
| Operating Margin | 4.1% |
| Debt-to-Asset Ratio | 89.2% |
| Months of Reserves | 9.9 months |
Financial Health Grade: A
In 2023, African Center For Economic Transformation reported a surplus of $260K with revenue exceeding expenses, holds 9.9 months of operating reserves (strong position), has a debt-to-asset ratio of 89.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), African Center For Economic Transformation's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.5% | +11.2% | +108.2% |
| 2022 | +8.1% | -4.1% | +197.6% |
| 2021 | -3.2% | +36.2% | -45.1% |
| 2020 | +52.4% | +8.0% | +168.6% |
| 2019 | -9.5% | +18.3% | -39.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates African Center For Economic Transformation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, African Center For Economic Transformation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $260K, with revenue exceeding expenses.
- Debt-to-asset ratio: 89.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with revenues exceeding $6 million. This either indicates that no officers receive compensation, or that compensation is structured in a way that it is not reported in the 'Officer Comp' field on the 990, which could impact transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of African Center For Economic Transformation's IRS 990 filings:
- Significant increase in liabilities to $4.46 million in 2023, requiring further clarification.
- Consistent reporting of 0% officer compensation for an organization of this size, which is unusual and warrants investigation into executive compensation practices.
Strengths
The following positive indicators were identified for African Center For Economic Transformation:
- Consistent revenue growth, from $3.4 million in 2019 to $6.3 million in 2023, indicating strong fundraising and financial support.
- Positive operating margins in recent years (e.g., 2023 revenue $6.3M vs. expenses $6.0M), demonstrating sound financial management.
- Substantial asset growth from $548,105 in 2019 to over $5 million in 2023, indicating increasing financial capacity.
Frequently Asked Questions about African Center For Economic Transformation
Is African Center For Economic Transformation a legitimate charity?
Based on AI analysis of IRS 990 filings, African Center For Economic Transformation (EIN: 113803281) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does African Center For Economic Transformation spend its money?
African Center For Economic Transformation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to African Center For Economic Transformation tax-deductible?
African Center For Economic Transformation is registered as a tax-exempt nonprofit (EIN: 113803281). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the nature of the significant increase in liabilities to $4,464,671 in 2023?
The IRS 990 filings show a substantial jump in liabilities from $2,124,588 in 2022 to $4,464,671 in 2023. Understanding the specific types of liabilities (e.g., program-related debt, grants payable, or operational debt) is crucial for assessing financial risk and long-term stability.
How does the organization manage its executive compensation, given the reported 0% officer compensation?
The consistent reporting of 0% officer compensation for an organization with over $6 million in revenue is highly uncommon. Further inquiry would be needed to understand if executives are compensated through other means not captured in this specific field, or if the organization truly operates without paid officers, which would be a unique operational model.
What is the detailed breakdown of program, administrative, and fundraising expenses?
While the overall financial health appears stable, a detailed breakdown of expenses is necessary to fully assess spending efficiency and ensure that the majority of funds are directed towards program services, aligning with best practices for nonprofits.
Filing History
IRS 990 filing history for African Center For Economic Transformation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), African Center For Economic Transformation's revenue has grown by 19.4%, moving from $5.3M to $6.3M. Total assets increased by 21.1% over the same period, from $4.1M to $5.0M. Total functional expenses fell by 1.8%, from $6.2M to $6.1M. In its most recent filing year (2023), African Center For Economic Transformation reported a surplus of $260K, with revenue exceeding expenses. The organization holds $4.5M in liabilities against $5.0M in assets (debt-to-asset ratio: 89.2%), resulting in net assets of $540K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.3M | $6.1M | $5.0M | $4.5M | — | View 990 |
| 2022 | $5.5M | $5.5M | $2.4M | $2.1M | — | — |
| 2021 | $5.1M | $5.7M | $808K | $154K | — | View 990 |
| 2020 | $5.2M | $4.2M | $1.5M | $195K | — | View 990 |
| 2019 | $3.4M | $3.9M | $548K | $331K | — | View 990 |
| 2018 | $3.8M | $3.3M | $912K | $262K | — | View 990 |
| 2017 | $3.1M | $3.6M | $646K | $521K | — | — |
| 2016 | $3.8M | $5.0M | $1.1M | $422K | — | View 990 |
| 2015 | $5.8M | $6.1M | $2.2M | $237K | — | View 990 |
| 2014 | $5.1M | $5.6M | $2.4M | $124K | — | View 990 |
| 2013 | $5.7M | $5.9M | $2.8M | $73K | — | View 990 |
| 2012 | $4.8M | $6.0M | $3.0M | $25K | — | View 990 |
| 2011 | $5.3M | $6.2M | $4.1M | $19K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.3M, expenses of $6.1M, and assets of $5.0M (revenue +15.5% year-over-year).
- 2022: Revenue of $5.5M, expenses of $5.5M, and assets of $2.4M (revenue +8.1% year-over-year).
- 2021: Revenue of $5.1M, expenses of $5.7M, and assets of $808K (revenue -3.2% year-over-year).
- 2020: Revenue of $5.2M, expenses of $4.2M, and assets of $1.5M (revenue +52.4% year-over-year).
- 2019: Revenue of $3.4M, expenses of $3.9M, and assets of $548K (revenue -9.5% year-over-year).
- 2018: Revenue of $3.8M, expenses of $3.3M, and assets of $912K (revenue +22.9% year-over-year).
- 2017: Revenue of $3.1M, expenses of $3.6M, and assets of $646K (revenue -17.8% year-over-year).
- 2016: Revenue of $3.8M, expenses of $5.0M, and assets of $1.1M (revenue -35.1% year-over-year).
- 2015: Revenue of $5.8M, expenses of $6.1M, and assets of $2.2M (revenue +13.2% year-over-year).
- 2014: Revenue of $5.1M, expenses of $5.6M, and assets of $2.4M (revenue -10.3% year-over-year).
- 2013: Revenue of $5.7M, expenses of $5.9M, and assets of $2.8M (revenue +18.3% year-over-year).
- 2012: Revenue of $4.8M, expenses of $6.0M, and assets of $3.0M (revenue -9.2% year-over-year).
- 2011: Revenue of $5.3M, expenses of $6.2M, and assets of $4.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for African Center For Economic Transformation:
Data Sources and Methodology
This transparency report for African Center For Economic Transformation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.