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Inkomoko

EIN 46-0743201 · Clinton, WA

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

LegitimacyPassesRegistration and standingFinancial healthFair68 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

INKOMOKO'S MISSION IS TO SUPPORT AFRICAN ENTREPRENEURS TO GROW THEIR BUSINESSES TO CREATE JOBS, IMPROVE LIVELIHOODS, AND DEVELOP LASTING ECONOMIC DEVELOPMENT IN THEIR COMMUNITIES.

Income
$15.9 million
Spending
$16.7 million
Spent on programs
97%
Reserves
7.2 months of spending
Largest source of income
donations and private grants, 85%
Employees
2
Volunteers
8
Highest pay
$303,393, co-founder & ceo

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 68 out of 100. Higher than 43% of charities in its peer group (international, $10m to $100m).

  • Reserves

    28 of 35

    Spendable reserves would cover 7.2 months of spending.

  • Debt

    2 of 20

    It owes 86% of what it owns.

  • Living within its means

    8 of 15

    Spending exceeded income by 5% of income.

  • Income trend

    15 of 15

    Income rose 8% on the year before.

  • Spending floor

    15 of 15

    97% of spending went to programs and raising each dollar of donations cost 1 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 35% of charities in its peer group (international, $10m to $100m).

  • Independent board

    25 of 25

    8 of 10 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

    15 of 15

    Its accounts were audited 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, 2024, 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 (3)
  1. $8.0 million spent. INKOMOKO CONTINUED TO PROVIDE TRAINING AND CONSULTING TO MICRO & SMALL BUSINESSES ACROSS RWANDA, KENAY, ETHIOPIA, SOUTH SUDAN AND CHAD, INCLUDING TO REFUGEE ENTREPRENERURES. BY END OF 2024, INKOMOKO HAD WORKED WITH 88,125 CLIENTS SINCE OUR FOUNDING IN 2012.
  2. $6.4 million spent. INKOMOKO'S ROLE AS PROVIDING LOW-COST INVESTMENT TO SMALL BUSINESSES CONTINUED TO BE A CORE PART OF OUR SOCIAL MISSION TO ENSURE FINANCIAL INCLUSION FOR THOSE EXCLUDED FROM MAINSTREAM FINANCE. INKOMOKO PROVIDED INVESTMENT TO REFUGEES, INCLUDING MAKING AVAILABE GRANTS, LOANS, AND SHARIA-COMPLIANT PRODUCT FOR MUSLIM ENTREPRENERURS, ENSURING THAT SMALL BUSINESS DON'T HAVE TO CHOOSE BETWEEN GROWING THEIR BUSINESS AND THEIR FAITH. WE PRIORITIZE SERVING WOMEN, YOUTH AND THOSE EXCLUDED FROM TRADITIONAL BANKING SYSTEMS.
  3. $1.6 million spent. AS PART OF A COLLABORATIVE PARTNERSHIP WITH SOUTHERN NEW HAMPSHIRE UNIVERSITY, INKOMOKO SUPPORTED THE EDUCATION INITIATIVES OF THE SNHU GEM HUB THAT ENGAGES REFUGEE STUDENTS AROUND THE WORLD TO ACCESS QUALITY ON-LINE INSTRUCTION. INKOMOKO'S ROLE WAS TO FACILITATE OPERATIONAL SYSTEMS THAT ALLOWED FOR REFUGEES TO REVIEW STUDENT COURSE WORK.

Source: Form 990 for the year ending December 31, 2024, 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 September 7, 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 September 30, 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 September 10, 2026.

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

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

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

    Recognized by the IRS since August 2013.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 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 October 7, 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.