Best of Africa Cultural Group

Analysis

Best of Africa Cultural Group is a registered charity in United States, based in West Valley, UT. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 December 2022, Best of Africa Cultural Group reported income of $172k and spending of $146k, spending 85% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $135k to $172k (+27%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Best of Africa Cultural Group sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within UT. Charities of a similar size with the same main cause include Mia Sutphin Foundation Inc ($172k), Just for Kids Foundation Inc ($172k) and Rob Degrand Memorial Fund ($172k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $83k (57% of expenses). At year end it held assets of $12k against liabilities of $0, net assets of $12k. It reported 1 employees.