South Africa Development Fund Inc
South Africa Development Fund: Financial Trends and Operational Insights
EIN: 222674813 · Jamaica Plain, MA · NTEE: Q123 · Updated: 2026-04-04
Is South Africa Development Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
South Africa Development Fund Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About South Africa Development Fund Inc
South Africa Development Fund Inc (EIN: 222674813) is a nonprofit organization based in Jamaica Plain, MA, classified under NTEE code Q123. The organization reported total revenue of $1.5M and total assets of $670K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Africa Development Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates South Africa Development Fund Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, South Africa Development Fund Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which suggests either pro-bono leadership or compensation is reported under other expense categories, warranting further investigation.
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 South Africa Development Fund Inc's IRS 990 filings:
- Consistent reporting of $0 executive compensation across multiple years (2016-2023) for an organization with revenues exceeding $1 million raises questions about how leadership is compensated or if it's fully volunteer-run.
- The organization has experienced fluctuating revenues and expenses, with expenses exceeding revenues in several years (e.g., 2023, 2022, 2021, 2020, 2019, 2017), leading to a decrease in assets over time.
- Total assets have declined from $1,195,982 in 2018 to $670,255 in 2023, indicating a significant reduction in financial reserves.
Strengths
The following positive indicators were identified for South Africa Development Fund Inc:
- The organization has maintained operations for an extended period, demonstrating resilience despite financial fluctuations.
- Low reported liabilities (e.g., $13,134 in 2023) suggest a relatively healthy balance sheet in terms of debt.
Frequently Asked Questions about South Africa Development Fund Inc
Is South Africa Development Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, South Africa Development Fund Inc (EIN: 222674813) some concerns. Mission Score: 75/100. 3 red flags identified, 2 strengths noted.
How does South Africa Development Fund Inc spend its money?
South Africa Development Fund Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to South Africa Development Fund Inc tax-deductible?
South Africa Development Fund Inc is registered as a tax-exempt nonprofit (EIN: 222674813). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does South Africa Development Fund Inc do?
South Africa Development Fund Inc is a nonprofit organization in the International & Foreign Affairs sector, located in Jamaica Plain, Massachusetts. It is classified under NTEE code Q123.
How much revenue does South Africa Development Fund Inc have?
South Africa Development Fund Inc reported total revenue of $1,474,559. Based on 12 IRS 990 filings on record.
What are South Africa Development Fund Inc's total assets?
South Africa Development Fund Inc holds total assets of $670,255 as reported in IRS 990 filings.
Where is South Africa Development Fund Inc located?
South Africa Development Fund Inc is based in Jamaica Plain, Massachusetts.
What is South Africa Development Fund Inc's EIN?
South Africa Development Fund Inc's Employer Identification Number (EIN) is 222674813. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is South Africa Development Fund Inc?
South Africa Development Fund Inc is classified under NTEE code Q123 (International & Foreign Affairs).
Is South Africa Development Fund Inc a registered 501(c)(3)?
Yes, South Africa Development Fund Inc is recognized as a tax-exempt organization by the IRS. EIN: 222674813.
Does South Africa Development Fund Inc file IRS Form 990?
Yes, South Africa Development Fund Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was South Africa Development Fund Inc's revenue in 2023?
In the 202306 filing period, South Africa Development Fund Inc reported total revenue of $1,175,980, total expenses of $1,255,091, and net assets of $684,894.
Is South Africa Development Fund Inc's revenue growing or declining?
South Africa Development Fund Inc's revenue is growing. Revenue went from $918,917 (202206) to $1,175,980 (202306), a +28.0% change. Based on 12 filings on record.
What is South Africa Development Fund Inc's most recent 990 filing?
The most recent IRS Form 990 filing for South Africa Development Fund Inc covers tax period 202306. It shows revenue of $1,175,980, expenses of $1,255,091, total assets of $684,894, and liabilities of $13,134.
How much does South Africa Development Fund Inc spend on programs vs administration?
Based on IRS 990 analysis, South Africa Development Fund Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is South Africa Development Fund Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, South Africa Development Fund Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for South Africa Development Fund Inc?
The following concerns were identified: Consistent reporting of $0 executive compensation across multiple years (2016-2023) for an organization with revenues exceeding $1 million raises questions about how leadership is compensated or if it's fully volunteer-run.. The organization has experienced fluctuating revenues and expenses, with expenses exceeding revenues in several years (e.g., 2023, 2022, 2021, 2020, 2019, 2017), leading to a decrease in assets over time.. Total assets have declined from $1,195,982 in 2018 to $670,255 in 2023, indicating a significant reduction in financial reserves.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are South Africa Development Fund Inc's strengths?
Positive indicators for South Africa Development Fund Inc include: The organization has maintained operations for an extended period, demonstrating resilience despite financial fluctuations.. Low reported liabilities (e.g., $13,134 in 2023) suggest a relatively healthy balance sheet in terms of debt.. These findings are derived from AI analysis of the organization's financial filings.
How does South Africa Development Fund Inc compensate executives?
Executive compensation is reported as $0 across all available filings, which suggests either pro-bono leadership or compensation is reported under other expense categories, warranting further investigation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 executive compensation, what is the operational model for leadership, and how does the organization sustain its management and administrative functions without paid executives?
The consistent $0 executive compensation suggests a fully volunteer-led model or that compensation is categorized differently. This could indicate strong community support and dedication, but also potential reliance on unpaid labor for critical functions.
With expenses frequently exceeding revenues and a declining asset base, what strategies are in place to ensure long-term financial sustainability and prevent further erosion of reserves?
The trend of expenses outpacing revenues and decreasing assets points to a need for robust financial planning. Strategies might include diversifying funding sources, implementing stricter cost controls, or launching targeted fundraising campaigns to rebuild reserves.
Filing History
IRS 990 filing history for South Africa Development Fund Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), South Africa Development Fund Inc's revenue has declined by 66.5%, moving from $3.5M to $1.2M. Total assets decreased by 69.6% over the same period, from $2.3M to $685K. Total functional expenses fell by 18%, from $1.5M to $1.3M. In its most recent filing year (2023), South Africa Development Fund Inc reported a deficit of $79K, with expenses exceeding revenue. The organization holds $13K in liabilities against $685K in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $672K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.3M | $685K | $13K | — | — |
| 2022 | $919K | $1.0M | $748K | $12K | — | View 990 |
| 2021 | $1.3M | $1.6M | $904K | $33K | — | View 990 |
| 2020 | $1.3M | $1.4M | $1.1M | $33K | — | View 990 |
| 2019 | $1.5M | $1.5M | $1.2M | $24K | — | View 990 |
| 2018 | $1.2M | $1.1M | $1.2M | $26K | — | View 990 |
| 2017 | $830K | $905K | $1.0M | $6K | — | View 990 |
| 2016 | $955K | $689K | $1.1M | $6K | — | View 990 |
| 2015 | $465K | $638K | $822K | $17K | — | View 990 |
| 2013 | $965K | $812K | $657K | $5K | — | View 990 |
| 2012 | $304K | $2.1M | $503K | $7K | — | View 990 |
| 2011 | $3.5M | $1.5M | $2.3M | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.3M, and assets of $685K (revenue +28.0% year-over-year).
- 2022: Revenue of $919K, expenses of $1.0M, and assets of $748K (revenue -30.8% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.6M, and assets of $904K (revenue +5.3% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.4M, and assets of $1.1M (revenue -17.2% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.5M, and assets of $1.2M (revenue +24.1% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.1M, and assets of $1.2M (revenue +48.0% year-over-year).
- 2017: Revenue of $830K, expenses of $905K, and assets of $1.0M (revenue -13.1% year-over-year).
- 2016: Revenue of $955K, expenses of $689K, and assets of $1.1M (revenue +105.1% year-over-year).
- 2015: Revenue of $465K, expenses of $638K, and assets of $822K (revenue -51.8% year-over-year).
- 2013: Revenue of $965K, expenses of $812K, and assets of $657K (revenue +217.3% year-over-year).
- 2012: Revenue of $304K, expenses of $2.1M, and assets of $503K (revenue -91.3% year-over-year).
- 2011: Revenue of $3.5M, expenses of $1.5M, and assets of $2.3M.
Data Sources and Methodology
This transparency report for South Africa Development Fund 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.