Horn Of Africa Education Development Fund
Horn Of Africa Education Development Fund shows strong historical growth but recent significant asset decline.
EIN: 207245709 · New York, NY · NTEE: Q33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.4M |
| Program Spending | 90% |
| Net Assets | $1.3M |
| Transparency Score | 85/100 |
Is Horn Of Africa Education Development Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Horn Of Africa Education Development Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Horn Of Africa Education Development Fund
Horn Of Africa Education Development Fund (EIN: 207245709) is a nonprofit organization based in New York, NY, classified under NTEE code Q33. The organization reported total revenue of $1.3M and total assets of $167K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Horn Of Africa Education Development Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Horn Of Africa Education Development Fund is a mid-size nonprofit that has been operating for 2 years, with 5 years of IRS 990 filings on record (2015–2019). Revenue has grown at a compound annual rate of 37.5%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$141K |
| Total Assets | $1.3M |
| Net Assets | $1.3M |
| Operating Margin | 9.2% |
| Months of Reserves | 10.8 months |
Financial Health Grade: A
In 2019, Horn Of Africa Education Development Fund reported a surplus of $141K with revenue exceeding expenses, holds 10.8 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2015–2019), Horn Of Africa Education Development Fund's revenue has grown at a compound annual growth rate (CAGR) of 37.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +31.9% | +37.7% | +10.7% |
| 2018 | -18.9% | +25.6% | +16.1% |
| 2017 | +137.9% | +82.2% | +180.7% |
| 2016 | +40.5% | +12.6% | +86.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2024 |
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 Horn Of Africa Education Development Fund with a Mission Score of 85 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Horn Of Africa Education Development Fund allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $141K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for a nonprofit of its size.
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 Horn Of Africa Education Development Fund's IRS 990 filings:
- Significant unexplained drop in assets from $1,257,394 (2019) to $167,129 (latest period)
- Lack of detailed information regarding the cause of the asset decline in the provided data
Strengths
The following positive indicators were identified for Horn Of Africa Education Development Fund:
- Consistent historical revenue growth from $428,461 (2015) to $1,532,888 (2019)
- Excellent financial transparency with 0% reported officer compensation across all filings
- Historically low liabilities, indicating strong financial management and low debt risk
- Strong program focus implied by efficient operations and lack of executive compensation
Frequently Asked Questions about Horn Of Africa Education Development Fund
Is Horn Of Africa Education Development Fund a legitimate charity?
Horn Of Africa Education Development Fund (EIN: 207245709) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 5 years of IRS 990 filings on record. Total revenue: $1.3M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Horn Of Africa Education Development Fund spend its money?
Horn Of Africa Education Development Fund directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Horn Of Africa Education Development Fund tax-deductible?
Horn Of Africa Education Development Fund is registered as a tax-exempt nonprofit (EIN: 207245709). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Horn Of Africa Education Development Fund's spending goes to programs?
Horn Of Africa Education Development Fund directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Horn Of Africa Education Development Fund compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Horn Of Africa Education Development Fund is above average for NTEE category Q33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Horn Of Africa Education Development Fund located?
Horn Of Africa Education Development Fund is headquartered in New York, New York and files with the IRS under EIN 207245709. It is classified under NTEE code Q33.
How many years of IRS 990 filings does Horn Of Africa Education Development Fund have?
Horn Of Africa Education Development Fund has 5 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 $1.3M in total revenue.
What caused the significant drop in assets from $1,257,394 in 2019 to $167,129 in the latest period?
The provided data does not specify the reason for this substantial decrease in assets. It could be due to a large program expenditure, investment losses, or a change in how assets are reported or held. Further investigation into the latest full 990 filing would be necessary.
How does the organization manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's executive leadership may be entirely volunteer-based, or that compensation for key personnel is categorized differently within the 990, such as under general salaries and wages rather than specific officer compensation.
Is the recent revenue of $1,312,421 a sign of a new downward trend or an anomaly?
While the latest revenue is slightly lower than the 2019 peak of $1,532,888, it is still significantly higher than revenues prior to 2019. Without more recent data, it's difficult to determine if this is a new trend or a temporary fluctuation. The substantial asset decline, however, suggests a significant financial event.
Filing History
IRS 990 filing history for Horn Of Africa Education Development Fund showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2015–2019), Horn Of Africa Education Development Fund's revenue has grown by 257.8%, moving from $428K to $1.5M. Total assets increased by 572.3% over the same period, from $187K to $1.3M. Total functional expenses rose by 254.8%, from $392K to $1.4M. In its most recent filing year (2019), Horn Of Africa Education Development Fund reported a surplus of $141K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $1.5M | $1.4M | $1.3M | $0 | — | View 990 |
| 2018 | $1.2M | $1.0M | $1.1M | $7K | — | View 990 |
| 2017 | $1.4M | $805K | $978K | $211 | — | View 990 |
| 2016 | $602K | $442K | $348K | $0 | — | — |
| 2015 | $428K | $392K | $187K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $1.5M, expenses of $1.4M, and assets of $1.3M (revenue +31.9% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.0M, and assets of $1.1M (revenue -18.9% year-over-year).
- 2017: Revenue of $1.4M, expenses of $805K, and assets of $978K (revenue +137.9% year-over-year).
- 2016: Revenue of $602K, expenses of $442K, and assets of $348K (revenue +40.5% year-over-year).
- 2015: Revenue of $428K, expenses of $392K, and assets of $187K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Horn Of Africa Education Development Fund:
Data Sources and Methodology
This transparency report for Horn Of Africa Education Development Fund 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.