Congo Initiative Usa Inc
Congo Initiative Usa Inc consistently operates with 0% officer compensation, demonstrating strong financial stewardship.
EIN: 203467419 · Raleigh, NC · NTEE: B43 · Updated: 2026-03-28
Is Congo Initiative Usa Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Congo Initiative Usa Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Congo Initiative Usa Inc
Congo Initiative Usa Inc (EIN: 203467419) is a nonprofit organization based in Raleigh, NC, classified under NTEE code B43. The organization reported total revenue of $912K and total assets of $480K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Congo Initiative Usa Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Congo Initiative Usa Inc is a small nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-47,019 |
| Total Assets | $749K |
| Total Liabilities | $23K |
| Net Assets | $726K |
| Operating Margin | -4.1% |
| Debt-to-Asset Ratio | 3.1% |
| Months of Reserves | 7.5 months |
Financial Health Grade: B
In 2023, Congo Initiative Usa Inc reported a deficit of $47K with expenses exceeding revenue, holds 7.5 months of operating reserves (strong position), has a debt-to-asset ratio of 3.1% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Congo Initiative Usa Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +182.3% | +610.7% | -4.0% |
| 2022 | -63.1% | -86.0% | +42.5% |
| 2022 | -31.1% | -8.6% | -15.1% |
| 2021 | +39.8% | +3.9% | +56.2% |
| 2020 | +11.3% | -13.5% | -17.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 Congo Initiative Usa Inc 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Congo Initiative Usa Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 deficit of $47K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.1%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no salaries are paid to officers. This is highly commendable and suggests that all resources are directed towards the organization's mission, especially for an organization with revenues frequently exceeding $1 million.
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.
Strengths
The following positive indicators were identified for Congo Initiative Usa Inc:
- Consistent 0% officer compensation, indicating high efficiency and dedication to mission.
- Strong financial stability with growing assets and low liabilities (e.g., $749,234 assets vs. $23,192 liabilities in 202312).
- Consistent filing of IRS Form 990s over 14 periods, demonstrating strong transparency.
- Revenues frequently exceeding $1 million, indicating robust donor support.
- Mission-aligned NTEE code (B43 - International Development, Relief Services).
Frequently Asked Questions about Congo Initiative Usa Inc
Is Congo Initiative Usa Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Congo Initiative Usa Inc (EIN: 203467419) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Congo Initiative Usa Inc spend its money?
Congo Initiative Usa Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Congo Initiative Usa Inc tax-deductible?
Congo Initiative Usa Inc is registered as a tax-exempt nonprofit (EIN: 203467419). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Congo Initiative Usa Inc a good charity?
Based on the provided data, Congo Initiative Usa Inc appears to be a very good charity. It consistently reports 0% officer compensation, indicating a strong commitment to directing funds to its mission. Its assets are growing, and liabilities are low, suggesting financial stability.
How has Congo Initiative Usa Inc's revenue trended?
Congo Initiative Usa Inc's revenue has fluctuated but generally remained strong, often exceeding $1 million annually. For example, it reported $1,151,856 in 202312 and $1,603,672 in 202109, though there was a dip to $408,021 in 202212 before rebounding.
What is the organization's asset-to-liability ratio?
The organization maintains a very healthy asset-to-liability ratio. In 202312, assets were $749,234 against liabilities of $23,192, indicating strong financial solvency and minimal debt.
Filing History
IRS 990 filing history for Congo Initiative Usa Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Congo Initiative Usa Inc's revenue has grown by 102%, moving from $570K to $1.2M. Total assets increased by 417.8% over the same period, from $145K to $749K. Total functional expenses rose by 158.8%, from $463K to $1.2M. In its most recent filing year (2023), Congo Initiative Usa Inc reported a deficit of $47K, with expenses exceeding revenue. The organization holds $23K in liabilities against $749K in assets (debt-to-asset ratio: 3.1%), resulting in net assets of $726K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.2M | $749K | $23K | — | View 990 |
| 2022 | $408K | $169K | $780K | $18K | — | — |
| 2022 | $1.1M | $1.2M | $547K | $37K | — | View 990 |
| 2021 | $1.6M | $1.3M | $645K | $300 | — | View 990 |
| 2020 | $1.1M | $1.3M | $413K | $43K | — | — |
| 2019 | $1.0M | $1.5M | $497K | $2K | — | View 990 |
| 2018 | $2.2M | $1.5M | $945K | $10K | — | View 990 |
| 2017 | $1.1M | $1.1M | $263K | $6K | — | View 990 |
| 2016 | $1.1M | $1.4M | $269K | $4K | — | View 990 |
| 2015 | $1.1M | $908K | $589K | $4K | — | View 990 |
| 2014 | $642K | $554K | $435K | $3K | — | View 990 |
| 2013 | $893K | $602K | $346K | $2K | — | View 990 |
| 2012 | $461K | $549K | $55K | $793 | — | View 990 |
| 2011 | $570K | $463K | $145K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.2M, and assets of $749K (revenue +182.3% year-over-year).
- 2022: Revenue of $408K, expenses of $169K, and assets of $780K (revenue -63.1% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.2M, and assets of $547K (revenue -31.1% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.3M, and assets of $645K (revenue +39.8% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.3M, and assets of $413K (revenue +11.3% year-over-year).
- 2019: Revenue of $1.0M, expenses of $1.5M, and assets of $497K (revenue -52.4% year-over-year).
- 2018: Revenue of $2.2M, expenses of $1.5M, and assets of $945K (revenue +99.8% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.1M, and assets of $263K (revenue +1.4% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.4M, and assets of $269K (revenue +0.6% year-over-year).
- 2015: Revenue of $1.1M, expenses of $908K, and assets of $589K (revenue +65.2% year-over-year).
- 2014: Revenue of $642K, expenses of $554K, and assets of $435K (revenue -28.1% year-over-year).
- 2013: Revenue of $893K, expenses of $602K, and assets of $346K (revenue +93.8% year-over-year).
- 2012: Revenue of $461K, expenses of $549K, and assets of $55K (revenue -19.2% year-over-year).
- 2011: Revenue of $570K, expenses of $463K, and assets of $145K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Congo Initiative Usa Inc:
Data Sources and Methodology
This transparency report for Congo Initiative Usa Inc 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.