African Community Services in MN

Analysis

African Community Services in MN is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Community Services in MN reported income of $1.2m and spending of $1.1m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $824k to $1.2m (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, African Community Services in MN sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MN. Charities of a similar size with the same main cause include Gonzaga Preparatory School Foundation of Spokane Washington ($1.2m), Iqra Academy of Virginia ($1.2m) and Westview Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 10% of the total. Other salaries and wages came to $683k. At year end it held assets of $424k against liabilities of $49k, net assets of $375k. It reported 20 employees.