AFC Community Development Corporation

Analysis

AFC Community Development Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 1996, 30 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending December 2023, AFC Community Development Corporation reported income of $477k and spending of $568k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $139k to $477k (+242%), an average of +36% a year. The sharpest change came in the year to December 2020, when income rose by 380%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, AFC Community Development Corporation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include Cherokee Housing Corporation ($477k), Saint Amelia Education Guild ($477k) and The International Solid Rock Inc ($477k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $320k. At year end it held assets of $115k against liabilities of $83k, net assets of $32k. It reported 13 employees.