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Codespa America

EIN 45-5419038 · Washington, DC

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak37 out of 100GovernanceStrong91 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

WE ARE ON A MISSION TO ELEVATE 10 MILLION PEOPLE FROM POVERTY TO PROSPERITY IN THE MOST UNDERSERVED REGIONS OF LATIN AMERICA, AFRICA, AND ASIA THROUGH OUR COMMUNITY-LED, SCALABLE APPROACH TO RURAL MARKET DEVELOPMENT AND EMPOWERING ENTREPRENEURS BY PROVIDING THEM ACCESS TO KNOWLEDGE, MARKETS, AND FINANCIAL SERVICES.

Income
$416,646
Spending
$416,582
Spent on programs
63%
Reserves
-1 months of spending
Largest source of income
donations and private grants, 71%
Employees
2
Volunteers
12
Highest pay
$129,069, executive director

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 37 out of 100. Higher than 5% of charities in its peer group (international, $250k to $1m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    2 of 20

    It owes 81% of what it owns.

  • Living within its means

    12 of 15

    Income exceeded spending by 0% of income.

  • Income trend

    15 of 15

    Income rose 188% on the year before.

  • Spending floor

    8 of 15

    63% of spending went to programs and raising each dollar of donations cost 29 cents.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 91 out of 100. Higher than 79% of charities in its peer group (international, $250k to $1m).

  • Independent board

    25 of 25

    12 of 12 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $62,660 spent. PROMOTING ENTREPRENEURSHIP, EMPLOYMENT, COMMUNITY SAVINGS AND CREDIT GROUPS TO PROVIDE ECONOMIC AND CAPITAL OPPORTUNITIES TO THE FAMILIES OF HUARAL - PERU, PHASE 2DURING PHASE 2, THE PROJECT HAS BEEN ABLE TO GENERATE 2,500 JOBS FOR THE LOCAL COMMUNITIES. WE HAVE STRENGTHENED 289 BUSINESSES AND ACCELERATED THE CREATION OF 159 INNOVATIVE BUSINESSES, CREATING CLUSTERS OF BUSINESS NETWORKS TO CONNECT TO THE FORMAL MARKET. THE AVERAGE INCOME OF THE PROJECT PARTICIPANTS HAS GONE FROM $275 A MONTH TO $1,175 A MONTH. ABOUT 264 YOUNG ADULTS HAVE BEEN TRAINED AND CERTIFIED IN TECHNICAL SKILLS MAKING THEM GREAT CANDIDATES FOR LOCAL COMPANY POSITIONS. 194 YOUNG ADULTS HAVE BEEN EMPLOYED IN LOCAL COMPANIES THANKS TO THIS TRAINING. ADDITIONALLY, THERE ARE NOW 19 SAVINGS AND CREDITS GROUPS WITH 241 MEMBERS THAT HAVE GRANTED OVER 540 LOANS AND RAISED APPROXIMATELY $70,600 IN SHARED CAPITAL. THE PRODUCTS OF SOME OF THE ENTREPRENEURS CAN NOW BE PURCHASED THROUGH THE ONLINE STORE WWW.HUARALEMPRENDE.COM ENSURING ACCESS TO THE MARKET AND THE PROJECT'S LONG-TERM SUCCESS.
  2. $51,180 spent. PROMOTE THE PRODUCTIVE INCLUSION OF 200 RURAL FAMILIES IN THE DAIRY AND ALPACA FIBER VALUE CHAINS IN ECUADOR. THIS PROJECT WILL CONTRIBUTE TO IMPROVING THE QUALITY OF LIFE OF 200 FAMILIES OF SMALL PRODUCERS IN THE ECUADORIAN ANDES. IT WILL STRENGTHEN THE PRODUCTIVE SKILLS OF DAIRY CATTLE AND ALPACAS AND THE FOOD SECURITY OF 200 FARMING FAMILIES IN THE COMMUNITIES OF SACHA AND CUMBIJ, IN THE PROVINCE OF COTOPAXI. THIS PROJECT WILL ALSO HELP THE FAMILIES IMPROVE THEIR COLLECTION, PROCESSING, MARKETING, AND BUSINESS MANAGEMENT CAPACITIES.
  3. $138,422 spent. MARKET STUDY FOR ECONOMIC ACTIVITIES IN GUATEMALA THAT WOULD YIELD HIGHER INCOMES FOR THE POPULATION IN GUATEMALA.THIS STUDY AIMS TO IDENTIFY ECONOMIC ACTIVITIES OR SECTORS WITH THE GREATEST POTENTIAL FOR DEVELOPING OR STRENGTHENING ENTREPRENEURSHIP AND EMPLOYABILITY IN 7 COMMUNITIES OF PALENCIA MUNICIPALITY (GUATEMALA): LOS CEDRITOS, EL CARMEN, LOS VERTIENTES, LO DE SILVA, EL BEJUCAL, EL ZAPOTE, AND EL MORRITO. THE STUDY EMPLOYS A VALUE CHAIN APPROACH, FOCUSING ON INNOVATION AND ANALYZING ALL LINKS OF THE PRODUCTION PROCESS FROM INPUT PURCHASE TO FINAL CONSUMER SALES.
  4. $12,036 spent. IMPROVING THE EMPLOYABILITY OF THE VULNERABLE YOUTH IN NICARAGUA.TO CONTRIBUTE TO THE REDUCTION OF ECONOMIC INEQUALITY AND INCREASE INCOME GENERATION THROUGH THE PROMOTION OF EMPLOYMENT AND ENTREPRENEURSHIP FOR VULNERABLE YOUTH IN NICARAGUA. AS WELL AS PROMOTING EMPLOYMENT AND ENTREPRENEURSHIP OPPORTUNITIES FOR 150 VULNERABLE YOUTH IN FIVE DEPARTMENTS OF NICARAGUA.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since July 2013.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.