Afrolatino Forum

Analysis

Afrolatino Forum is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 2022, 4 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, Afrolatino Forum reported income of $64k and spending of $114k, spending 177% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $7,000 to $64k (+819%), an average of +819% a year. The sharpest change came in the year to December 2023, when income rose by 819%. Over the whole period it spent 204% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Afrolatino Forum sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within NY. Charities of a similar size with the same main cause include North Texas Youth Ballet Inc ($64k), Haitian Development Center of Delmarva Inc ($64k) and Pano Network Inc ($64k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $49k against liabilities of $300, net assets of $49k.