Africatown Community Development Corporation

Analysis

Africatown Community Development Corporation is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in October 2013, 13 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, Africatown Community Development Corporation reported income of $372k and spending of $353k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $88k to $372k (+323%), an average of +322% a year. The sharpest change came in the year to December 2023, when income rose by 323%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Africatown Community Development Corporation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within AL. Charities of a similar size with the same main cause include Evergreen Memorial Historic Cemetery ($372k), Ensemble Studio Theatre the L a Project ($372k) and Alliance Francaise of Westchester Inc ($372k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.