Africentric Personal Development Shop

Analysis

Africentric Personal Development Shop is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in April 1989, 37 years ago. 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 June 2023, Africentric Personal Development Shop reported income of $1.7m and spending of $1.9m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.7m (+55%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Africentric Personal Development Shop sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within OH. Charities of a similar size with the same main cause include Seacamp Association Inc ($1.7m), Childrens Own School Inc ($1.7m) and Boy Scouts of America ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $102k (5.5% of expenses). Other salaries and wages came to $517k. At year end it held assets of $709k against liabilities of $391k, net assets of $318k. It reported 27 employees.