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Innovation Africa
Innovation Africa reported $22.3 million in revenue and $21.6 million in expenses for calendar year 2024. Of every $100 it spent, $88.34 went to program services, $5.47 to management and general costs and $6.19 to fundraising. Its largest source of revenue was contributions and grants: 99.5% of the total. The highest compensation it reported for one person was $216,000 (CFO). 1 person received more than $100,000 in reportable compensation. Revenue rose 166% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $22MFor context, the median across 469 covered international, foreign affairs & national security charities: $89.04 programs, $8.28 management, $2.68 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $22MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 88.3% | 86.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 5.5% | 8.0% |
| Fundraising Part IX 25(D) ÷ 25(A) | 6.2% | 2.6% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.06 | $0.03 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 99.5% | 96.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $216,000 | $341,362 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.00% | 1.06% |
| People paid over $100,000 Part VII, line 2 | 1 | 10 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 3.4 | 7.5 |
| Independent voting board members Part VI 1a–1b | 15 of 15 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseThrough its employees in foreign countries, and resources deployed through its management company, innovation: africa israel, innovation: africa brings israeli solar, water, and agricultural technologies to rural african villages. Using solar energy, we provide electricity to power schools and orphanages allowing students to study at night and have access to computers, and we electrify medical centers, enabling them to work in the dark and provide proper healthcare to the communities. We also supply medical centers with refrigeration for the safe storage of medicines and vaccinations. The…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here1 people received more than $100,000 in reportable compensation from Innovation Africa (Part VII, line 2). Compensation of current officers, directors and key employees totaled $216K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b15 · 15 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 50
- Volunteers Part I, line 615
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| INNOVATION AFRICA ISRAEL Administrative | $4,384,443 |
| ACSOLAR ENERGY LTD Construction | $946,195 |
| HANCOLODI PTY LTD Construction | $805,728 |
| RAMALEFANE ENTERPRISES Construction | $751,628 |
| ETS MULTI TRAVAUX ET SERVICES CAMEROON Public works and services | $614,906 |
Individuals listed as contractors are left out. 6 contractors were paid more than $100,000 in all.
Private foundation grants it received
7 private foundations reported grants to Innovation Africa totaling $190K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Innovation Africa's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Innovation Africa, you can publish a response that is linked from this page.
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Of every $100 Innovation Africa spent in 2024, $88.34 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Palestinian American Medical AssociationFairfax, VA · revenue $22M · programs 90.4% · 2024
- iMMAPWashington, DC · revenue $22M · programs 79.7% · 2024
- American School in London FoundationPrinceton, NJ · revenue $22M · programs 95.1% · FY2025
- GIVE2ASIASan Francisco, CA · revenue $23M · programs 94.1% · 2024
- Transfair USAOakland, CA · revenue $22M · programs 77.3% · 2024
All international, foreign affairs & national security charities · Largest charities in New York
Questions people ask
How much of Innovation Africa's spending goes to programs?
In calendar year 2024, Innovation Africa reported that 88.3% of its $21.6 million in expenses went to program services, 5.5% to management and general and 6.2% to fundraising (Form 990, Part IX).
How much does Innovation Africa pay its top executive?
The largest total compensation Innovation Africa reported for one person in calendar year 2024 was $216,000, for the role of CFO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Innovation Africa get its money?
Of $22.3 million in revenue in calendar year 2024, 99.5% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Innovation Africa a registered charity?
The IRS lists EIN 33-1186746 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202533079349302478 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202412849349302166 · read the filing
- 2022: Form 990 for calendar year 2022, object 202322649349300122 · read the filing
- 2021: Form 990 for calendar year 2021, object 202213009349301441 · read the filing
- 2020: Form 990 for calendar year 2020, object 202132329349300933 · read the filing
- 2019: Form 990 for calendar year 2019, object 202002179349300910 · read the filing
All filings for EIN 33-1186746: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.