National Center of Afro American Artists Inc

Analysis

National Center of Afro American Artists Inc is a registered charity in United States, based in Roxbury, MA. It received its IRS tax-exemption ruling in November 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, National Center of Afro American Artists Inc reported income of $930k and spending of $674k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $199k to $930k (+368%), an average of +47% a year. The sharpest change came in the year to December 2021, when income rose by 459%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, National Center of Afro American Artists Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Coastal Foodshed Inc ($930k), Angel Group Agency ($930k) and Inter-Faith Treasure House ($930k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Other salaries and wages came to $3,793. At year end it held assets of $3.9m against liabilities of $99k, net assets of $3.8m.