Education Matters Africa Foundation
EIN: 824727381 · North Haven, CT · NTEE: B90
About Education Matters Africa Foundation
Education Matters Africa Foundation (EIN: 824727381) is a nonprofit organization based in North Haven, CT, classified under NTEE code B90. The organization reported total revenue of $466K and total assets of $167K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Education Matters Africa Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Education Matters Africa Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Education Matters Africa Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Filing History
IRS 990 filing history for Education Matters Africa Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Education Matters Africa Foundation's revenue has grown by 5.6%, moving from $1.3M to $1.3M. Total assets decreased by 71.3% over the same period, from $1.2M to $354K. Total functional expenses rose by 2770.7%, from $68K to $2.0M. In its most recent filing year (2023), Education Matters Africa Foundation reported a deficit of $641K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $2.0M | $354K | $0 | — | — |
| 2022 | $540K | $1.4M | $995K | $0 | — | View 990 |
| 2021 | $575K | $376K | $1.8M | $0 | — | View 990 |
| 2020 | $683K | $247K | $1.6M | $0 | — | — |
| 2019 | $1.3M | $68K | $1.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $2.0M, and assets of $354K (revenue +144.8% year-over-year).
- 2022: Revenue of $540K, expenses of $1.4M, and assets of $995K (revenue -6.1% year-over-year).
- 2021: Revenue of $575K, expenses of $376K, and assets of $1.8M (revenue -15.9% year-over-year).
- 2020: Revenue of $683K, expenses of $247K, and assets of $1.6M (revenue -45.4% year-over-year).
- 2019: Revenue of $1.3M, expenses of $68K, and assets of $1.2M.
Data Sources and Methodology
This transparency report for Education Matters Africa Foundation 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.