African Heritage Inc

Analysis

African Heritage Inc is a registered charity in United States, based in Appleton, WI. It received its IRS tax-exemption ruling in May 2000, 26 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 December 2023, African Heritage Inc reported income of $451k and spending of $604k, spending 134% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $284k to $451k (+59%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 98%. 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 Heritage Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within WI. Charities of a similar size with the same main cause include Early Music Guild of Seattle ($451k), Bhartiya Mandal Foundation ($451k) and Tulsa Juneteenth Inc ($451k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.