African Ceremonies Inc

Analysis

African Ceremonies Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2005, 21 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, African Ceremonies Inc reported income of $69k and spending of $456k, spending 662% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $209k to $69k (-67%), an average of -24% a year. The sharpest change came in the year to June 2021, when income rose by 290%. Over the whole period it spent 98% 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 Ceremonies Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within NY. Charities of a similar size with the same main cause include Kent Island Federation of Art Inc ($69k), Artichoke Dance Company Inc ($69k) and Seacoast Jazz Society ($69k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% of the total. Other salaries and wages came to $48k. At year end it held assets of $547k against liabilities of $1,500, net assets of $546k.