Black Arts & Cultural Center

Analysis

Black Arts & Cultural Center is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in June 1987, 39 years ago. 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 December 2023, Black Arts & Cultural Center reported income of $312k and spending of $206k, leaving 34% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $244k to $312k (+28%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Black Arts & Cultural Center sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within MI. Charities of a similar size with the same main cause include Louttit Library ($312k), LA Iglesia Evangelica Apostoles Y Profet As Efe 220 of Bay Shore Inc ($312k) and The Cee Team Inc ($312k).

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 $88k. At year end it held assets of $224k against liabilities of $2,365, net assets of $222k. It reported 2 employees.