National Summit On Africa
EIN: 522018801 · Washington, DC · NTEE: Q050
| Metric | Value |
|---|---|
| Total Revenue | $81K |
| Total Expenses | $63K |
| Net Assets | $30K |
Is National Summit On Africa Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About National Summit On Africa
National Summit On Africa (EIN: 522018801) is a nonprofit organization based in Washington, DC, classified under NTEE code Q050. The organization reported total revenue of $81K and total assets of $34K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of National Summit On Africa's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
National Summit On Africa is a micro nonprofit that has been operating for 29 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -10.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $80K |
| Total Expenses | $63K |
| Surplus / Deficit | +$17K |
| Total Assets | $53K |
| Total Liabilities | $23K |
| Net Assets | $30K |
| Operating Margin | 21.0% |
| Debt-to-Asset Ratio | 43.2% |
| Months of Reserves | 10.1 months |
Financial Health Grade: A
In 2023, National Summit On Africa reported a surplus of $17K with revenue exceeding expenses, holds 10.1 months of operating reserves (strong position), has a debt-to-asset ratio of 43.2% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2023), National Summit On Africa's revenue has declined at a compound annual growth rate (CAGR) of -10.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.6% | +13.6% | +46.2% |
| 2022 | -58.6% | -64.3% | -14.0% |
| 2020 | +50.7% | +23.0% | +1298.3% |
| 2019 | +63.6% | +9.9% | +33.1% |
| 2018 | -64.3% | -47.4% | -94.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for National Summit On Africa 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 National Summit On Africa 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 $17K, with revenue exceeding expenses.
- Debt-to-asset ratio: 43.2%.
Frequently Asked Questions about National Summit On Africa
Is National Summit On Africa a legitimate charity?
Based on AI analysis of IRS 990 filings, National Summit On Africa (EIN: 522018801) insufficient data. 0 red flags identified, 0 strengths noted.
How does National Summit On Africa spend its money?
Detailed spending breakdown data is not yet available for National Summit On Africa. Check back for updated IRS 990 analysis.
Are donations to National Summit On Africa tax-deductible?
National Summit On Africa is registered as a tax-exempt nonprofit (EIN: 522018801). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is National Summit On Africa located?
National Summit On Africa is headquartered in Washington, Washington DC and files with the IRS under EIN 522018801. It is classified under NTEE code Q050.
How many years of IRS 990 filings does National Summit On Africa have?
National Summit On Africa has 12 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 $81K in total revenue.
Filing History
IRS 990 filing history for National Summit On Africa showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), National Summit On Africa's revenue has declined by 72.4%, moving from $290K to $80K. Total assets increased by 234.4% over the same period, from $16K to $53K. Total functional expenses fell by 85%, from $420K to $63K. In its most recent filing year (2023), National Summit On Africa reported a surplus of $17K, with revenue exceeding expenses. The organization holds $23K in liabilities against $53K in assets (debt-to-asset ratio: 43.2%), resulting in net assets of $30K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $80K | $63K | $53K | $23K | — | View 990 |
| 2022 | $80K | $56K | $36K | $23K | — | View 990 |
| 2020 | $192K | $156K | $42K | $23K | — | View 990 |
| 2019 | $127K | $127K | $3K | $20K | — | View 990 |
| 2018 | $78K | $115K | $2K | $20K | — | View 990 |
| 2017 | $218K | $219K | $40K | $20K | — | View 990 |
| 2016 | $284K | $282K | $20K | $0 | — | View 990 |
| 2015 | $219K | $217K | $18K | $0 | — | View 990 |
| 2014 | $258K | $248K | $16K | $0 | — | View 990 |
| 2013 | $267K | $253K | $5K | $0 | — | View 990 |
| 2012 | $171K | $171K | $-9,168 | $0 | — | View 990 |
| 2011 | $290K | $420K | $16K | $25K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $80K, expenses of $63K, and assets of $53K (revenue +0.6% year-over-year).
- 2022: Revenue of $80K, expenses of $56K, and assets of $36K (revenue -58.6% year-over-year).
- 2020: Revenue of $192K, expenses of $156K, and assets of $42K (revenue +50.7% year-over-year).
- 2019: Revenue of $127K, expenses of $127K, and assets of $3K (revenue +63.6% year-over-year).
- 2018: Revenue of $78K, expenses of $115K, and assets of $2K (revenue -64.3% year-over-year).
- 2017: Revenue of $218K, expenses of $219K, and assets of $40K (revenue -23.1% year-over-year).
- 2016: Revenue of $284K, expenses of $282K, and assets of $20K (revenue +29.7% year-over-year).
- 2015: Revenue of $219K, expenses of $217K, and assets of $18K (revenue -15.1% year-over-year).
- 2014: Revenue of $258K, expenses of $248K, and assets of $16K (revenue -3.4% year-over-year).
- 2013: Revenue of $267K, expenses of $253K, and assets of $5K (revenue +56.5% year-over-year).
- 2012: Revenue of $171K, expenses of $171K, and assets of $-9,168 (revenue -41.2% year-over-year).
- 2011: Revenue of $290K, expenses of $420K, and assets of $16K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for National Summit On Africa:
Data Sources and Methodology
This transparency report for National Summit On Africa 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.