Abofrem Area Foundation Inc

Nonprofit profile at a glance

EIN
824153965
IRS 990-EZ coverage
2021–2024
Forms available
Form 990-EZ 2024, Form 990-N 2020
Location
Moorestown, NJ, USA
Phone
2154127300
Rating
35
Verdict
REVIEW
Rating confidence
Moderate
Sector
International Relief

Reported finances

Revenue
$157,834
Expenses
$155,525
Assets
$5,054
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

2 people listed

Executive titles in this filing

  • NANA AKOSUA ABOAGYE (PRESIDENT)
  • LINDA PEREZ (VICE PRESIDENT)

People named in this filing

  • NANA AKOSUA ABOAGYE (PRESIDENT)
  • LINDA PEREZ (VICE PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Hospital construction in ghana spent $34,974 in 2020 and $33,490 in 2021. Also spent $12,686 forhospital equipment, beds and supplies in 2021,$3,003 in 2022 and $14,153 in 2023, and $ 5,215 in recognized charities in 2022. In 2024 spent $ 16,974 in supplies and promote the education of young girls and women of all african nations via the pageant of african most beautiful USA and construct water facilities and improved sanitary conditions and health care and improve education for all ages 8-13 with school supplies. The organiztion also gave $3,165 in recognized charities

What it reported doing in 2024

Spent $16,974 for hospital equipment, beds and supplies in 2024 and $3,165 in recognized charities and promote the education of young girls and women of all african nations via the pageant of african most beautiful USA and provide water facilities and improved sanitary conditions and health care and improve education for ages 8-13.

Operating model

Revenue model
Donor-supported. 85% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 82
  • Sustainability: 36
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 1.5%; rating input score 38; 38th percentile among comparable filings
  • Total-asset coverage ratio: 0.03; rating input score 6; 6th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: -78% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: -8.2% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: -16.7% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 8 of 9 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 38/100.
  • High — Sustainability: Total-asset coverage ratio scored 6/100.
  • High — Growth: Asset growth scored 0/100.