African Resource Center of West Michigan

Analysis

African Resource Center of West Michigan is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Resource Center of West Michigan reported income of $53k and spending of $156k, spending 295% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $324k to $53k (-84%), an average of -84% a year. The sharpest change came in the year to December 2023, when income dropped by 84%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, African Resource Center of West Michigan sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within MI. Charities of a similar size with the same main cause include International Nutritional Sustainability Partners ($53k), Kennek Foundation Inc ($53k) and PRC Foundation Inc ($53k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $59k (38% of expenses). Other salaries and wages came to $38k. At year end it held assets of $162k against liabilities of $0, net assets of $162k.