Trustafrica
Trustafrica faces significant financial volatility with recent substantial deficits despite zero officer compensation.
EIN: 203074517 · Washington, DC · NTEE: Q30 · Updated: 2026-03-28
Is Trustafrica Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Trustafrica directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Trustafrica
Trustafrica (EIN: 203074517) is a nonprofit organization based in Washington, DC, classified under NTEE code Q30. The organization reported total revenue of $7.3M and total assets of $15.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Trustafrica's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Trustafrica is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -15.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $915K |
| Total Expenses | $4.0M |
| Surplus / Deficit | $-3,068,196 |
| Total Assets | $9.7M |
| Total Liabilities | $619K |
| Net Assets | $9.1M |
| Operating Margin | -335.4% |
| Debt-to-Asset Ratio | 6.4% |
| Months of Reserves | 29.2 months |
Financial Health Grade: B
In 2023, Trustafrica reported a deficit of $3.1M with expenses exceeding revenue, holds 29.2 months of operating reserves (strong position), has a debt-to-asset ratio of 6.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Trustafrica's revenue has declined at a compound annual growth rate (CAGR) of -15.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -87.4% | +52.8% | -21.9% |
| 2022 | +166.8% | -7.4% | +15.7% |
| 2021 | +44.7% | -29.0% | -5.5% |
| 2020 | -39.4% | -39.6% | -18.4% |
| 2019 | -1.3% | -1.7% | -21.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Trustafrica with a Mission Score of 70 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: 80%
- fundraising: 5%
According to IRS 990 filings, Trustafrica allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.4%.
Executive Compensation Analysis
Trustafrica consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of its size and revenue, and suggests a strong commitment to directing funds towards its mission.
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 Trustafrica's IRS 990 filings:
- Significant revenue volatility, with a sharp drop from $7.2M in 2022 to $0.9M in 2023.
- Substantial operating deficit in 2023 ($3,068,196), where expenses ($3,982,924) far exceeded revenue ($914,728).
- Consistent decline in total assets from a peak of $20,639,910 in 2017 to $9,692,198 in 2023.
- High expense-to-revenue ratios in multiple years (e.g., 2023, 2020, 2019, 2018), indicating spending beyond income.
Strengths
The following positive indicators were identified for Trustafrica:
- Consistent reporting of 0% officer compensation across all available filings, indicating a strong commitment to directing funds to mission.
- Maintained significant asset base ($9.6M in 2023) despite recent financial challenges.
- History of substantial revenue generation in prior years (e.g., $10.8M in 2015, $8.3M in 2017, $7.2M in 2022).
Frequently Asked Questions about Trustafrica
Is Trustafrica a legitimate charity?
Based on AI analysis of IRS 990 filings, Trustafrica (EIN: 203074517) some concerns. Mission Score: 70/100. 4 red flags identified, 3 strengths noted.
How does Trustafrica spend its money?
Trustafrica directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Trustafrica tax-deductible?
Trustafrica is registered as a tax-exempt nonprofit (EIN: 203074517). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why did Trustafrica's revenue drop so sharply from $7.2M in 2022 to $0.9M in 2023?
The provided data shows a significant decrease in revenue from $7,286,192 in 2022 to $914,728 in 2023, which is a critical financial event that would typically be explained in the organization's financial statements or narrative.
How does Trustafrica manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be entirely volunteer-based or compensated through other means not categorized as 'officer compensation' on the 990, which is highly unusual for an organization with millions in revenue and assets.
What caused the substantial increase in expenses in 2023 to $3.9M, exceeding revenue by over $3M?
In 2023, expenses were $3,982,924 against revenue of $914,728, resulting in a deficit of over $3 million. This significant increase in expenses relative to revenue warrants further investigation into the specific expenditures.
What is the long-term strategy for addressing the declining asset base, from $20.6M in 2017 to $9.6M in 2023?
Trustafrica's assets have decreased by over 50% since 2017, from $20,639,910 to $9,692,198 in 2023. This trend suggests a depletion of reserves or investments, which could impact future operational capacity.
Filing History
IRS 990 filing history for Trustafrica showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Trustafrica's revenue has declined by 87.2%, moving from $7.1M to $915K. Total assets increased by 12.1% over the same period, from $8.6M to $9.7M. Total functional expenses fell by 34.5%, from $6.1M to $4.0M. In its most recent filing year (2023), Trustafrica reported a deficit of $3.1M, with expenses exceeding revenue. The organization holds $619K in liabilities against $9.7M in assets (debt-to-asset ratio: 6.4%), resulting in net assets of $9.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $915K | $4.0M | $9.7M | $619K | — | View 990 |
| 2022 | $7.3M | $2.6M | $12.4M | $265K | — | View 990 |
| 2021 | $2.7M | $2.8M | $10.7M | $256K | — | View 990 |
| 2020 | $1.9M | $4.0M | $11.3M | $796K | — | View 990 |
| 2019 | $3.1M | $6.6M | $13.9M | $1.3M | — | View 990 |
| 2018 | $3.2M | $6.7M | $17.8M | $1.8M | — | View 990 |
| 2017 | $8.4M | $5.0M | $20.6M | $1.1M | — | View 990 |
| 2016 | $10.4M | $6.7M | $18.1M | $2.0M | — | View 990 |
| 2015 | $10.8M | $6.3M | $14.1M | $1.7M | — | View 990 |
| 2014 | $0 | $0 | $0 | $0 | — | View 990 |
| 2013 | $6.4M | $5.6M | $9.5M | $2.1M | — | View 990 |
| 2012 | $6.1M | $5.8M | $9.5M | $3.0M | — | View 990 |
| 2011 | $7.1M | $6.1M | $8.6M | $2.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $915K, expenses of $4.0M, and assets of $9.7M (revenue -87.4% year-over-year).
- 2022: Revenue of $7.3M, expenses of $2.6M, and assets of $12.4M (revenue +166.8% year-over-year).
- 2021: Revenue of $2.7M, expenses of $2.8M, and assets of $10.7M (revenue +44.7% year-over-year).
- 2020: Revenue of $1.9M, expenses of $4.0M, and assets of $11.3M (revenue -39.4% year-over-year).
- 2019: Revenue of $3.1M, expenses of $6.6M, and assets of $13.9M (revenue -1.3% year-over-year).
- 2018: Revenue of $3.2M, expenses of $6.7M, and assets of $17.8M (revenue -62.3% year-over-year).
- 2017: Revenue of $8.4M, expenses of $5.0M, and assets of $20.6M (revenue -19.4% year-over-year).
- 2016: Revenue of $10.4M, expenses of $6.7M, and assets of $18.1M (revenue -3.7% year-over-year).
- 2015: Revenue of $10.8M, expenses of $6.3M, and assets of $14.1M.
- 2014: Revenue of $0, expenses of $0, and assets of $0 (revenue -100.0% year-over-year).
- 2013: Revenue of $6.4M, expenses of $5.6M, and assets of $9.5M (revenue +5.8% year-over-year).
- 2012: Revenue of $6.1M, expenses of $5.8M, and assets of $9.5M (revenue -14.6% year-over-year).
- 2011: Revenue of $7.1M, expenses of $6.1M, and assets of $8.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Trustafrica:
Data Sources and Methodology
This transparency report for Trustafrica 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.