American Culture Foundation

Analysis

American Culture Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, American Culture Foundation reported income of $2.0m and spending of $1.7m, spending 87% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $426k to $2.0m (+369%), an average of +67% a year. The sharpest change came in the year to December 2023, when income rose by 187%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Culture Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Charleston Area Senior Citizens Services Inc ($2.0m), Crystal City Working Parents Inc ($2.0m) and Future Farmers of America ($2.0m).

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 $615k against liabilities of $322k, net assets of $293k.