African Services Committee Inc

Analysis

African Services Committee Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1994, 32 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, African Services Committee Inc reported income of $5.1m and spending of $5.6m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.0m to $5.1m (+0.9%), an average of +0.2% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, African Services Committee Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Ought Inc ($5.1m), The Wooden Floor for Youth Movement ($5.1m) and Educational Radio Foundation of East Texas Inc ($5.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $190k (3.4% of expenses). Other salaries and wages came to $2.5m. It paid $60k in professional fundraising fees. At year end it held assets of $6.0m against liabilities of $4.9m, net assets of $1.0m. It reported 55 employees.