Indego Africa Project

Nonprofit profile at a glance

EIN
205874831
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
New York, NY, USA
Phone
7184339732
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
International Development

Official website

Reported finances

Revenue
$779,402
Expenses
$726,853
Assets
$388,495
Liabilities
$186,341

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

Leadership & pay

20 people listed

Executive titles in this filing

  • SUWHA HONG (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • SUWHA HONG (CHIEF EXECUTIVE OFFICER): $84,864 total reported compensation

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

Overview

Mission

Indego africa project, a nonprofit organization, has been propelling the creation, growth, and sustainability of women owned businesses in rwanda since 2007 and in ghana since 2016, providing employment through access to a global market for their hand made products, investing in their education, and providing funding resources to help them build their businesses. Over 2,500 artisans have partnered with indego africa since its inception. What began as a model to empower and educate women in post-genocide rwanda has grown into a commitment to help women, youth, and refugees in rwanda and ghana become successful entrepreneurs.

What it reported doing in 2024

Vocational & business training: our programs help women in vulnerable communities, unemployed youth, and refugees build the skills to integrate and succeed in the global artisan economy with the following outcomes:-master multiple handicraft techniques through retraining. We provide opportunities for our artisan partners to continuously refresh, refine and expand their skills through retraining workshops and gain exposure to a variety of techniques and fibers.-form, register and run an independent woman-owned cooperative business with bank account set up.-become indego africa suppliers and produce handmade goods for the export market.-improve livelihoods for themselves and financial ability to support their families.-provide access to capital through the igiceri credit union in rwanda, founded by graduates of indego's leadership academy.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. The filing reports few safeguards for money sent abroad and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 55
  • Accountability: 85
  • Sustainability: 38
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 88.5%; rating input score 89
  • Program expense ratio: 82.3%; rating input score 82
  • Fundraising efficiency: $9.12 raised per $1 spent on fundraising; rating input score 35; 35th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: Scored; rating input score 0
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 73.7%; rating input score 74; 15th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 6.7%; rating input score 54; 54th percentile among comparable filings
  • Total-asset coverage ratio: 0.53; rating input score 25; 25th percentile among comparable filings
  • Liabilities to assets ratio: 0.48; rating input score 16; 16th percentile among comparable filings
  • Officer compensation ratio: 11.7%; rating input score 32; 32nd percentile among comparable filings

Growth

  • Program expense growth: 3% per year; rating input score 100; 32nd percentile among comparable filings
  • Revenue growth: 5.4% per year; rating input score 100; 46th percentile among comparable filings
  • Asset growth: 2.9% per year; rating input score 100; 29th percentile among comparable filings

Details

  • Where the money goes: 88.5% of revenue deployed · 82.3% of spending went to programs
  • Governance: 14 of 19 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $598K in reported program spending
  • Leadership: top reported pay $85K · 20 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 6 filed schedules · includes major donors and foreign activity
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 35/100.
  • High — Sustainability: Total-asset coverage ratio scored 25/100.
  • Review — Sustainability: Operating margin scored 54/100.
  • High — Sustainability: Liabilities to assets ratio scored 16/100.
  • Moderate — Sustainability: Officer compensation ratio scored 32/100.