African American Resources Cultural and Heritage Society

Analysis

African American Resources Cultural and Heritage Society is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in January 2013, 13 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, African American Resources Cultural and Heritage Society reported income of $612k and spending of $132k, leaving 78% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $312k to $612k (+96%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 136%. Over the whole period it spent 26% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, African American Resources Cultural and Heritage Society sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MD. Charities of a similar size with the same main cause include Stoneham Community Access Inc ($612k), Society for Research on Adolescence ($612k) and Minnesota Beethoven Festival ($612k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $33k (25% of expenses). At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 1 employees.