Africa Development Promise is a 501(c)(3) organization based in Denver, Colorado, registered in 2014, with $307,342 in FY2023 revenue. CharityIndex grades it B.
Revenue (FY2023)
$307K
▲ 41.4% vs prior year
Human Services median: $293K
Expenses (FY2023)
$290K
Net assets
$40K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Africa Development Promise— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Africa Development Promise: 2 mo reserves · +6% margin earns a B on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Africa Development Promise— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Africa Development Promise: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $176K (FY2019) to $307K (FY2023) across 5 reported years.
Financial snapshot
Operating margin
5.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$92K
Total liabilities
$52K
Net assets
$40K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $307,342▲41.4% | $289,721▼1.0% | $39,618▲80.1% | $91,736▲17.8% | 990 |
| 2022 | $217,297▼38.7% | $292,546▼1.5% | $21,997▼77.4% | $77,855▼35.7% | 990 |
| 2021 | $354,267▲76.1% | $297,082▲37.5% | $97,246▲143% | $121,090▲73.6% | 990 |
| 2020 | $201,210▲14.2% | $216,062▼7.0% | $40,061▼27.0% | $69,755▼11.6% | 990 |
| 2019 | $176,119 | $232,290 | $54,913 | $78,948 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
13 grants to Africa Development Promise totaling $511K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Online Giving Foundation Inc | General support | 2024 | $8,058 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $44,825 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $55,905 |
| Mightycause Charitable Foundation | Unrestricted | 2022 | $5,722 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $92,400 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $92,400 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $157,700 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $13,000 |
| Denver Foundation | For general operating support | 2019 | $9,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2018 | $11,000 |
| Denver Foundation | General operating support | 2017 | $5,000 |
| Institute of Electrical and Electronics Engineers Inc | Engineering development | 2016 | $10,000 |
| Globalgiving Foundation Inc | Funds raised by globalgiving and disbursed to meet donor expectations | 2015 | $6,364 |
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Data for Africa Development Promise (EIN 38-3909756) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.