Kente Arts Alliance

Analysis

Kente Arts Alliance is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in November 2011, 15 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 June 2023, Kente Arts Alliance reported income of $230k and spending of $248k, spending 108% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $212k to $230k (+8.5%), an average of +4.2% a year. The sharpest change came in the year to June 2022, when income rose by 119%. Over the whole period it spent 48% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kente Arts Alliance sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within PA. Charities of a similar size with the same main cause include Muslim American Society Houston ($230k), Mosquito Range Heritage Initiative ($230k) and Magenta Theater ($230k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 7.9% of the total. Compensation of current officers, directors and key employees was $48k (19% of expenses). Other salaries and wages came to $31k. At year end it held assets of $614k against liabilities of $2,542, net assets of $611k. It reported 2 employees.