The African American Art and Culture Complex

Analysis

The African American Art and Culture Complex is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 June 2023, The African American Art and Culture Complex reported income of $4.5m and spending of $4.6m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.1m to $4.5m (+114%), an average of +29% a year. The sharpest change came in the year to June 2022, when income rose by 81%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The African American Art and Culture Complex sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Poverello Center Inc ($4.5m), Cincinnati Waldorf School ($4.5m) and Morris County Prevention Is Key Inc ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 9.5% of the total. Compensation of current officers, directors and key employees was $199k (4.3% of expenses). Other salaries and wages came to $176k. At year end it held assets of $1.5m against liabilities of $468k, net assets of $1.0m. It reported 9 employees.