African American Mayors Association Inc

Analysis

African American Mayors Association Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, African American Mayors Association Inc reported income of $5.0m and spending of $3.3m, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $5.0m (+183%), an average of +30% a year. The sharpest change came in the year to June 2022, when income rose by 103%. Over the whole period it spent 61% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, African American Mayors Association Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 80th percentile within DC. Charities of a similar size with the same main cause include Tri-Angel Unlimited ($5.0m), Rising Tide Capital Inc ($5.0m) and American Agape Foundation Inc ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $305k (9.2% of expenses). Other salaries and wages came to $338k. At year end it held assets of $7.0m against liabilities of $1.7m, net assets of $5.3m.