Village Afrocentric Cultural Center Inc

Analysis

Village Afrocentric Cultural Center Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in May 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Village Afrocentric Cultural Center Inc reported income of $294k and spending of $182k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $119k to $294k (+147%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 126%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Village Afrocentric Cultural Center Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include Community Caregivers Inc ($293k), United Way of Huron ($294k) and Revisions Community Housing Development Organization ($293k).

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 $926k against liabilities of $331k, net assets of $595k.