African Collaborative INC FY2023 filing
Provides unrestricted funding to African organizations, unlocking economic potential through financial inclusion. For fiscal year 2023 it reported $2.8M in revenue, $15K in expenses, and $2.8M in net assets.Pt I
- Type
- Public charity (501(c)(3)) · International
- Location
- Winchester, MA
- Website
- africanvisionary.org
- Filings
- 2 on file (2023–2023)
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Summary of the Filing
Where the work happens
While African Visionary Fund continues to strive to achieve their mission, all programatic work in 2023 was through their fiscal sponsor, Myriad USA formerly known as King Baudouin Foundation United States. Almost all programatic revenue and expenses have been recorded and reported by their fiscal sponsor.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Atti Worku’s $193K as Co-Ceo/ Director is at the 74th percentile of top reported officer pay among 1169 $1–10M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 20% | — | — |
| Overhead ratio | 39% | — | — |
| Fundraising cost ratio | 0.2% | — | — |
| Accounting fee ratio | 23% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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