African Cultural Alliance of North America Inc

Analysis

African Cultural Alliance of North America Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 2001, 25 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 August 2023, African Cultural Alliance of North America Inc reported income of $2.6m and spending of $2.3m, spending 88% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $928k to $2.6m (+182%), an average of +30% a year. The sharpest change came in the year to August 2021, when income rose by 97%. Over the whole period it spent 87% 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 Alliance of North America Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Project Healthy Minds Corporation ($2.6m), George Washington Masonic National Memorial Association Inc ($2.6m) and Millennial Music ($2.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $173k (7.5% of expenses). Other salaries and wages came to $787k. At year end it held assets of $4.3m against liabilities of $2.7m, net assets of $1.6m. It reported 21 employees.