African Development Center
African Development Center shows strong financial growth and zero executive compensation over a decade.
EIN: 200553370 · Minneapolis, MN · NTEE: P40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.6M |
| Total Expenses | $1.7M |
| Program Spending | 90% |
| Net Assets | $12.2M |
| Transparency Score | 95/100 |
Is African Development Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
African Development Center directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About African Development Center
African Development Center (EIN: 200553370) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code P40. The organization reported total revenue of $4.6M and total assets of $24.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of African Development Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
African Development Center is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.2M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$3.5M |
| Total Assets | $21.7M |
| Total Liabilities | $9.5M |
| Net Assets | $12.2M |
| Operating Margin | 67.6% |
| Debt-to-Asset Ratio | 43.7% |
| Months of Reserves | 154.4 months |
Financial Health Grade: A
In 2023, African Development Center reported a surplus of $3.5M with revenue exceeding expenses, holds 154.4 months of operating reserves (strong position), has a debt-to-asset ratio of 43.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), African Development Center's revenue has grown at a compound annual growth rate (CAGR) of 13.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.1% | -22.2% | +22.4% |
| 2022 | -25.1% | +37.7% | -2.2% |
| 2021 | +65.4% | +36.7% | +61.2% |
| 2020 | +159.9% | +10.8% | +81.8% |
| 2019 | +7.4% | +9.3% | +2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
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 Development Center with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, African Development Center allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $3.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 43.7%.
Executive Compensation Analysis
The African Development Center consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers. This is highly unusual for an organization of its size and suggests either a volunteer leadership structure or that compensation is reported under other expense categories, though the explicit 0% is a strong indicator of no direct officer pay.
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 Development Center's IRS 990 filings:
- Lack of detailed program spending breakdown in provided data (though 0% officer comp is positive, specific program vs. admin is not granularly available)
Strengths
The following positive indicators were identified for African Development Center:
- Consistent and significant revenue growth, from $776,116 in 2014 to $5,205,910 in 2023.
- Strong asset growth, from $3.8 million in 2014 to $21.7 million in 2023.
- Zero reported officer compensation across all filings, indicating high efficiency and transparency regarding executive pay.
- Healthy asset-to-liability ratio, demonstrating strong financial management and solvency.
- Consistent positive net assets, indicating financial sustainability and capacity building.
Frequently Asked Questions about African Development Center
Is African Development Center a legitimate charity?
Based on AI analysis of IRS 990 filings, African Development Center (EIN: 200553370) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does African Development Center spend its money?
African Development Center directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to African Development Center tax-deductible?
African Development Center is registered as a tax-exempt nonprofit (EIN: 200553370). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does African Development Center compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), African Development Center is above average for NTEE category P40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is African Development Center located?
African Development Center is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 200553370. It is classified under NTEE code P40.
How many years of IRS 990 filings does African Development Center have?
African Development Center has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.6M in total revenue.
Is the African Development Center financially stable?
Yes, the African Development Center appears very financially stable. Its assets have grown from $3.8 million in 2014 to $21.7 million in 2023, and revenue has consistently increased, reaching $5.2 million in 2023. Liabilities are also well-managed relative to assets.
How much does the African Development Center spend on executive salaries?
According to the IRS 990 filings, the African Development Center reports 0% officer compensation for all available periods, indicating no direct executive salaries are paid.
Has the organization's revenue been growing?
Yes, the organization's revenue has shown significant growth, increasing from $776,116 in 2014 to $5,205,910 in 2023, demonstrating a strong upward trend.
What is the organization's asset-to-liability ratio?
In 2023, the African Development Center had assets of $21,723,388 and liabilities of $9,486,175, resulting in a healthy asset-to-liability ratio of approximately 2.29:1.
Filing History
IRS 990 filing history for African Development Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), African Development Center's revenue has grown by 367%, moving from $1.1M to $5.2M. Total assets increased by 340.5% over the same period, from $4.9M to $21.7M. Total functional expenses rose by 71.6%, from $984K to $1.7M. In its most recent filing year (2023), African Development Center reported a surplus of $3.5M, with revenue exceeding expenses. The organization holds $9.5M in liabilities against $21.7M in assets (debt-to-asset ratio: 43.7%), resulting in net assets of $12.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.2M | $1.7M | $21.7M | $9.5M | — | — |
| 2022 | $4.0M | $2.2M | $17.8M | $9.0M | — | — |
| 2021 | $5.3M | $1.6M | $18.2M | $11.3M | — | View 990 |
| 2020 | $3.2M | $1.2M | $11.3M | $7.3M | — | — |
| 2019 | $1.2M | $1.0M | $6.2M | $4.3M | — | View 990 |
| 2018 | $1.2M | $952K | $6.1M | $4.4M | — | View 990 |
| 2017 | $999K | $886K | $4.4M | $2.9M | — | — |
| 2016 | $753K | $838K | $3.5M | $2.2M | — | View 990 |
| 2015 | $830K | $640K | $3.8M | $2.4M | — | View 990 |
| 2014 | $776K | $662K | $3.9M | $2.6M | — | View 990 |
| 2013 | $1.1M | $963K | $4.4M | $2.9M | — | View 990 |
| 2012 | $719K | $1.1M | $4.1M | $2.7M | — | View 990 |
| 2011 | $1.1M | $984K | $4.9M | $3.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.2M, expenses of $1.7M, and assets of $21.7M (revenue +30.1% year-over-year).
- 2022: Revenue of $4.0M, expenses of $2.2M, and assets of $17.8M (revenue -25.1% year-over-year).
- 2021: Revenue of $5.3M, expenses of $1.6M, and assets of $18.2M (revenue +65.4% year-over-year).
- 2020: Revenue of $3.2M, expenses of $1.2M, and assets of $11.3M (revenue +159.9% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.0M, and assets of $6.2M (revenue +7.4% year-over-year).
- 2018: Revenue of $1.2M, expenses of $952K, and assets of $6.1M (revenue +15.9% year-over-year).
- 2017: Revenue of $999K, expenses of $886K, and assets of $4.4M (revenue +32.8% year-over-year).
- 2016: Revenue of $753K, expenses of $838K, and assets of $3.5M (revenue -9.3% year-over-year).
- 2015: Revenue of $830K, expenses of $640K, and assets of $3.8M (revenue +6.9% year-over-year).
- 2014: Revenue of $776K, expenses of $662K, and assets of $3.9M (revenue -30.9% year-over-year).
- 2013: Revenue of $1.1M, expenses of $963K, and assets of $4.4M (revenue +56.2% year-over-year).
- 2012: Revenue of $719K, expenses of $1.1M, and assets of $4.1M (revenue -35.5% year-over-year).
- 2011: Revenue of $1.1M, expenses of $984K, and assets of $4.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for African Development Center:
Data Sources and Methodology
This transparency report for African Development Center 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.