African American Chamber Foundation of Western Pa

Analysis

African American Chamber Foundation of Western Pa is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, African American Chamber Foundation of Western Pa reported income of $374k and spending of $272k, leaving 27% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $423k to $374k (-12%), an average of -3.1% a year. The sharpest change came in the year to September 2021, when income rose by 90%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, African American Chamber Foundation of Western Pa sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within PA. Charities of a similar size with the same main cause include Open California ($374k), Echoes of Hope ($374k) and Bible Place ($374k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $127k (47% of expenses). Other salaries and wages came to $30k. At year end it held assets of $1.1m against liabilities of $1.1m, net assets of $69k. It reported 4 employees.