Helping Africa Foundation Inc
EIN: 465366106 · New York, NY · NTEE: Q123
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $3.1M |
| Net Assets | $62K |
Is Helping Africa Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Helping Africa Foundation Inc
Helping Africa Foundation Inc (EIN: 465366106) is a nonprofit organization based in New York, NY, classified under NTEE code Q123. The organization reported total revenue of $2.9M and total assets of $87K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Helping Africa Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Helping Africa Foundation Inc is a mid-size nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 34.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.2M |
| Total Expenses | $3.1M |
| Surplus / Deficit | +$59K |
| Total Assets | $62K |
| Total Liabilities | $1 |
| Net Assets | $62K |
| Operating Margin | 1.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 0.2 months |
Financial Health Grade: A
In 2023, Helping Africa Foundation Inc reported a surplus of $59K with revenue exceeding expenses, holds 0.2 months of operating reserves (limited), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2014–2023), Helping Africa Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 34.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.9% | -2.6% | +1956.9% |
| 2022 | +4.9% | +4.3% | -94.8% |
| 2021 | +22.3% | +29.6% | -55.3% |
| 2020 | +173.8% | +167.4% | +179.6% |
| 2019 | +165.9% | +192.5% | +25.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Helping Africa Foundation Inc 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 Helping Africa Foundation Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $59K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Helping Africa Foundation Inc
Is Helping Africa Foundation Inc a legitimate charity?
Helping Africa Foundation Inc (EIN: 465366106) is a registered tax-exempt nonprofit based in New York. It has 10 years of IRS 990 filings on record. Total revenue: $2.9M. No red flags identified. Financial health grade: A.
How does Helping Africa Foundation Inc spend its money?
Helping Africa Foundation Inc reported $2.9M in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Helping Africa Foundation Inc tax-deductible?
Helping Africa Foundation Inc is registered as a tax-exempt nonprofit (EIN: 465366106). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Helping Africa Foundation Inc located?
Helping Africa Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 465366106. It is classified under NTEE code Q123.
How many years of IRS 990 filings does Helping Africa Foundation Inc have?
Helping Africa Foundation Inc has 10 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 $2.9M in total revenue.
Filing History
IRS 990 filing history for Helping Africa Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Helping Africa Foundation Inc's revenue has grown by 1328.7%, moving from $223K to $3.2M. Total assets increased by 209.9% over the same period, from $20K to $62K. Total functional expenses rose by 1440.7%, from $203K to $3.1M. In its most recent filing year (2023), Helping Africa Foundation Inc reported a surplus of $59K, with revenue exceeding expenses. The organization holds $1 in liabilities against $62K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $62K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.2M | $3.1M | $62K | $1 | — | — |
| 2022 | $3.2M | $3.2M | $3K | $1 | — | View 990 |
| 2021 | $3.0M | $3.1M | $58K | $1 | — | View 990 |
| 2020 | $2.5M | $2.4M | $129K | $1 | — | View 990 |
| 2019 | $897K | $887K | $46K | $1 | — | View 990 |
| 2018 | $337K | $303K | $37K | $0 | — | View 990 |
| 2017 | $92K | $101K | $3K | $0 | — | View 990 |
| 2016 | $86K | $100K | $12K | $0 | — | View 990 |
| 2015 | $112K | $106K | $26K | $0 | — | View 990 |
| 2014 | $223K | $203K | $20K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.2M, expenses of $3.1M, and assets of $62K (revenue +0.9% year-over-year).
- 2022: Revenue of $3.2M, expenses of $3.2M, and assets of $3K (revenue +4.9% year-over-year).
- 2021: Revenue of $3.0M, expenses of $3.1M, and assets of $58K (revenue +22.3% year-over-year).
- 2020: Revenue of $2.5M, expenses of $2.4M, and assets of $129K (revenue +173.8% year-over-year).
- 2019: Revenue of $897K, expenses of $887K, and assets of $46K (revenue +165.9% year-over-year).
- 2018: Revenue of $337K, expenses of $303K, and assets of $37K (revenue +266.6% year-over-year).
- 2017: Revenue of $92K, expenses of $101K, and assets of $3K (revenue +7.0% year-over-year).
- 2016: Revenue of $86K, expenses of $100K, and assets of $12K (revenue -23.2% year-over-year).
- 2015: Revenue of $112K, expenses of $106K, and assets of $26K (revenue -49.7% year-over-year).
- 2014: Revenue of $223K, expenses of $203K, and assets of $20K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Helping Africa Foundation Inc:
Data Sources and Methodology
This transparency report for Helping Africa Foundation 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.