Celebrate African Treasures Inc

Analysis

Celebrate African Treasures Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in April 2004, 22 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, Celebrate African Treasures Inc reported income of $163k and spending of $161k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $112k to $163k (+45%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Celebrate African Treasures Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within GA. Charities of a similar size with the same main cause include Saratoga Chamber Orchestra ($163k), Lyric Opera of Orange County ($163k) and East Lansing Info ($163k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,749 against liabilities of $0, net assets of $1,749.