African Cultural Center of Buffalo Inc

Analysis

African Cultural Center of Buffalo Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in May 1966, 60 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 Cultural Center of Buffalo Inc reported income of $550k and spending of $479k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $938k to $550k (-41%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 53%. Over the whole period it spent 89% 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 Cultural Center of Buffalo Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Leather Archives & Museum Inc ($550k), Coro de Ninos de San Juan ($550k) and Radio Diaries Inc ($550k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.2% and program service revenue 95% of the total. Other salaries and wages came to $74k. At year end it held assets of $418k against liabilities of $32k, net assets of $385k.